Calamos Advisors LLC Lowers Holdings in SiTime Co. (NASDAQ:SITM)

Calamos Advisors LLC reduced its position in shares of SiTime Co. (NASDAQ:SITM) by 13.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,814 shares of the company’s stock after selling 1,019 shares during the period. Calamos Advisors LLC’s holdings in SiTime were worth $1,462,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in SiTime by 67.4% during the third quarter. Signaturefd LLC now owns 149 shares of the company’s stock worth $26,000 after buying an additional 60 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of SiTime by 118.0% during the fourth quarter. Blue Trust Inc. now owns 327 shares of the company’s stock worth $70,000 after purchasing an additional 177 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of SiTime in the third quarter worth approximately $123,000. GAMMA Investing LLC raised its stake in SiTime by 95.0% in the third quarter. GAMMA Investing LLC now owns 743 shares of the company’s stock valued at $127,000 after purchasing an additional 362 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in SiTime in the third quarter valued at approximately $166,000. Institutional investors own 84.31% of the company’s stock.

SiTime Stock Performance

SITM stock opened at $214.61 on Wednesday. The firm has a market cap of $5.01 billion, a P/E ratio of -51.84 and a beta of 1.80. The firm’s fifty day moving average is $228.10 and its 200 day moving average is $185.71. SiTime Co. has a 52 week low of $72.39 and a 52 week high of $268.18.

SiTime (NASDAQ:SITM) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.26 by $0.14. The firm had revenue of $57.70 million for the quarter, compared to the consensus estimate of $55.10 million. SiTime had a negative return on equity of 9.89% and a negative net margin of 53.55%. The company’s quarterly revenue was up 62.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.81) earnings per share. As a group, analysts forecast that SiTime Co. will post -2.98 EPS for the current year.

Analyst Upgrades and Downgrades

SITM has been the topic of a number of research analyst reports. Needham & Company LLC increased their price target on shares of SiTime from $140.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays increased their target price on SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Roth Mkm raised their price target on SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Stifel Nicolaus upped their price objective on SiTime from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 6th.

Insider Buying and Selling

In other news, insider Fariborz Assaderaghi sold 1,002 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $221,381.88. Following the completion of the transaction, the insider now directly owns 100,681 shares of the company’s stock, valued at approximately $22,244,460.14. This represents a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Torsten Kreindl sold 6,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $220.86, for a total transaction of $1,325,160.00. Following the sale, the director now owns 13,511 shares of the company’s stock, valued at approximately $2,984,039.46. This represents a 30.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,931 shares of company stock worth $6,326,724 in the last ninety days. 2.30% of the stock is owned by insiders.

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.