1,810 Shares in SiTime Co. (NASDAQ:SITM) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in shares of SiTime Co. (NASDAQ:SITM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,810 shares of the company’s stock, valued at approximately $388,000.

A number of other large investors have also added to or reduced their stakes in SITM. KLP Kapitalforvaltning AS purchased a new stake in shares of SiTime during the 4th quarter worth approximately $815,000. Virtu Financial LLC grew its holdings in SiTime by 145.3% during the fourth quarter. Virtu Financial LLC now owns 2,921 shares of the company’s stock valued at $626,000 after purchasing an additional 1,730 shares during the period. Magnetar Financial LLC bought a new position in SiTime during the fourth quarter valued at $203,000. Teacher Retirement System of Texas bought a new stake in shares of SiTime in the fourth quarter valued at $2,083,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of SiTime during the 4th quarter valued at $130,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays lifted their price objective on SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Stifel Nicolaus lifted their target price on shares of SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Raymond James restated an “outperform” rating and set a $250.00 price target (up from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Finally, Needham & Company LLC lifted their price objective on shares of SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.

SiTime Trading Down 4.4 %

Shares of SiTime stock opened at $178.11 on Thursday. The company’s 50-day moving average price is $187.51 and its 200-day moving average price is $195.00. SiTime Co. has a 12-month low of $72.39 and a 12-month high of $268.18. The company has a market cap of $4.20 billion, a price-to-earnings ratio of -43.98 and a beta of 1.85.

Insider Buying and Selling

In other SiTime news, insider Fariborz Assaderaghi sold 1,003 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $204.42, for a total value of $205,033.26. Following the transaction, the insider now directly owns 99,678 shares in the company, valued at $20,376,176.76. This represents a 1.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Piyush B. Sevalia sold 1,038 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $157.64, for a total value of $163,630.32. Following the completion of the sale, the insider now directly owns 92,847 shares in the company, valued at approximately $14,636,401.08. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,544 shares of company stock valued at $1,200,095. Company insiders own 2.30% of the company’s stock.

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.