Nisa Investment Advisors LLC boosted its stake in shares of SiTime Co. (NASDAQ:SITM – Free Report) by 601.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,318 shares of the company’s stock after buying an additional 1,130 shares during the period. Nisa Investment Advisors LLC’s holdings in SiTime were worth $283,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. LMR Partners LLP raised its stake in shares of SiTime by 705.0% in the third quarter. LMR Partners LLP now owns 80,500 shares of the company’s stock valued at $13,807,000 after acquiring an additional 70,500 shares during the period. Principal Financial Group Inc. grew its holdings in SiTime by 15.4% during the 3rd quarter. Principal Financial Group Inc. now owns 448,930 shares of the company’s stock valued at $76,996,000 after purchasing an additional 59,931 shares during the last quarter. FMR LLC lifted its stake in SiTime by 1.1% in the third quarter. FMR LLC now owns 3,469,843 shares of the company’s stock worth $595,113,000 after purchasing an additional 39,119 shares during the last quarter. State Street Corp boosted its position in shares of SiTime by 3.1% during the third quarter. State Street Corp now owns 922,974 shares of the company’s stock valued at $158,299,000 after buying an additional 27,692 shares during the period. Finally, Algert Global LLC bought a new position in shares of SiTime during the second quarter valued at approximately $2,380,000. 84.31% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
SITM has been the subject of several research reports. Needham & Company LLC upped their target price on SiTime from $140.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays boosted their price target on shares of SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Roth Mkm increased their price objective on shares of SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price objective on shares of SiTime from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 6th.
Insider Activity
In related news, insider Samsheer Ahamad sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $172.73, for a total transaction of $690,920.00. Following the completion of the sale, the insider now directly owns 78,979 shares in the company, valued at approximately $13,642,042.67. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Fariborz Assaderaghi sold 1,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $210.16, for a total value of $210,160.00. Following the transaction, the insider now owns 108,574 shares of the company’s stock, valued at approximately $22,817,911.84. This represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,931 shares of company stock worth $7,017,644 over the last 90 days. 2.30% of the stock is currently owned by company insiders.
SiTime Stock Performance
Shares of SITM stock opened at $194.43 on Thursday. The stock’s 50-day simple moving average is $228.87 and its 200-day simple moving average is $184.43. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of -46.96 and a beta of 1.82. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $268.18.
SiTime (NASDAQ:SITM – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.14. The business had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $55.10 million. SiTime had a negative net margin of 53.55% and a negative return on equity of 9.89%. The business’s revenue was up 62.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.81) EPS. As a group, equities analysts forecast that SiTime Co. will post -2.98 earnings per share for the current year.
SiTime Company Profile
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.
Recommended Stories
- Five stocks we like better than SiTime
- What Are the U.K. Market Holidays? How to Invest and Trade
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- Find and Profitably Trade Stocks at 52-Week Lows
- 3 Steel Stocks Soaring After Tariff Announcements
- What is the Hang Seng index?
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
Want to see what other hedge funds are holding SITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiTime Co. (NASDAQ:SITM – Free Report).
Receive News & Ratings for SiTime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiTime and related companies with MarketBeat.com's FREE daily email newsletter.