Xponance Inc. Increases Stock Position in SiTime Co. (NASDAQ:SITM)

Xponance Inc. boosted its holdings in shares of SiTime Co. (NASDAQ:SITM) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,324 shares of the company’s stock after purchasing an additional 124 shares during the period. Xponance Inc.’s holdings in SiTime were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Counterpoint Mutual Funds LLC purchased a new position in shares of SiTime during the fourth quarter valued at approximately $449,000. Cibc World Markets Corp purchased a new position in SiTime during the 4th quarter valued at $373,000. Royce & Associates LP raised its holdings in SiTime by 137.6% in the 4th quarter. Royce & Associates LP now owns 20,606 shares of the company’s stock worth $4,421,000 after purchasing an additional 11,934 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its position in shares of SiTime by 42.9% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 10,000 shares of the company’s stock worth $2,145,000 after purchasing an additional 3,000 shares during the period. Finally, Swiss National Bank boosted its stake in shares of SiTime by 1.7% during the 4th quarter. Swiss National Bank now owns 36,400 shares of the company’s stock valued at $7,809,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 84.31% of the company’s stock.

Insider Transactions at SiTime

In other news, insider Fariborz Assaderaghi sold 1,003 shares of the stock in a transaction that occurred 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 sale, the insider now owns 99,678 shares in the company, valued at $20,376,176.76. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Piyush B. Sevalia sold 1,038 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $157.64, for a total transaction of $163,630.32. Following the completion of the transaction, the insider now owns 92,847 shares of the company’s stock, valued at approximately $14,636,401.08. The trade was a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,544 shares of company stock valued at $1,200,095 in the last quarter. 2.30% of the stock is owned by insiders.

SiTime Stock Down 6.4 %

SITM stock opened at $166.65 on Friday. The business has a 50 day moving average of $185.99 and a 200 day moving average of $194.81. The firm has a market cap of $3.93 billion, a PE ratio of -41.15 and a beta of 1.85. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $268.18.

Wall Street Analysts Forecast Growth

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

SiTime 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.