Three Seasons Wealth LLC Invests $841,000 in SiTime Co. (NASDAQ:SITM)

Three Seasons Wealth LLC bought a new position in shares of SiTime Co. (NASDAQ:SITM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,918 shares of the company's stock, valued at approximately $841,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Mutual of America Capital Management LLC increased its stake in SiTime by 1.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 2,866 shares of the company's stock worth $615,000 after purchasing an additional 48 shares in the last quarter. State of Alaska Department of Revenue increased its stake in SiTime by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 10,755 shares of the company's stock worth $2,307,000 after purchasing an additional 57 shares in the last quarter. Blue Trust Inc. increased its stake in SiTime by 44.7% in the 4th quarter. Blue Trust Inc. now owns 217 shares of the company's stock worth $47,000 after purchasing an additional 67 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in SiTime by 4.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,945 shares of the company's stock worth $417,000 after purchasing an additional 83 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in SiTime by 1.9% in the 4th quarter. Arizona State Retirement System now owns 5,368 shares of the company's stock worth $1,152,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SITM shares. Barclays dropped their price target on SiTime from $180.00 to $110.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus lowered their target price on SiTime from $270.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC lifted their target price on SiTime from $225.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Finally, Raymond James reaffirmed an "outperform" rating and set a $250.00 target price (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, SiTime currently has an average rating of "Moderate Buy" and a consensus target price of $204.00.

Insider Activity

In related news, insider Lionel Bonnot sold 3,501 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $174.25, for a total value of $610,049.25. Following the completion of the transaction, the insider now directly owns 87,940 shares of the company's stock, valued at $15,323,545. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,003 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $204.42, for a total transaction of $205,033.26. Following the completion of the sale, the insider now directly owns 99,678 shares in the company, valued at $20,376,176.76. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,542 shares of company stock worth $978,713 in the last three months. 2.30% of the stock is owned by insiders.

SiTime Stock Performance

Shares of SiTime stock traded down $3.63 during trading on Wednesday, hitting $143.16. 67,509 shares of the stock traded hands, compared to its average volume of 240,454. The stock has a market cap of $3.40 billion, a P/E ratio of -35.35 and a beta of 1.98. SiTime Co. has a twelve month low of $86.73 and a twelve month high of $268.18. The company has a fifty day moving average price of $153.31 and a two-hundred day moving average price of $190.15.

About SiTime

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, Singapore, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. It serves various markets, including communications, datacenter, enterprise, automotive, industrial, internet of things, mobile, consumer, and aerospace and defense.