SiTime Co. (NASDAQ:SITM) Insider Piyush B. Sevalia Sells 1,038 Shares

SiTime Co. (NASDAQ:SITM) insider Piyush B. Sevalia sold 1,038 shares of SiTime stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $157.64, for a total transaction of $163,630.32. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

SiTime Stock Performance

NASDAQ:SITM opened at $182.19 on Thursday. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $268.18. The business has a 50 day moving average price of $204.07 and a 200-day moving average price of $191.60. The firm has a market cap of $4.30 billion, a PE ratio of -44.99 and a beta of 1.85.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SITM. Stifel Nicolaus raised their price objective on SiTime from $250.00 to $270.00 and gave the company 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 report on Thursday, February 6th. Roth Mkm lifted their price target on SiTime from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Barclays boosted 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. Finally, Needham & Company LLC increased their price objective on SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a report 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 company. According to MarketBeat.com, SiTime presently has an average rating of “Moderate Buy” and an average price target of $232.00.

Hedge Funds Weigh In On SiTime

Several hedge funds and other institutional investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of SiTime during the 4th quarter worth approximately $6,733,000. Fourth Dimension Wealth LLC purchased a new position in SiTime in the 4th quarter worth approximately $25,000. Castleark Management LLC lifted its holdings in shares of SiTime by 25.0% during the fourth quarter. Castleark Management LLC now owns 38,442 shares of the company’s stock valued at $8,247,000 after purchasing an additional 7,680 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in SiTime by 20.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,389 shares of the company’s stock valued at $9,523,000 after acquiring an additional 7,475 shares during the period. Finally, Vident Advisory LLC boosted its holdings in SiTime by 5.0% in the fourth quarter. Vident Advisory LLC now owns 2,199 shares of the company’s stock worth $472,000 after purchasing an additional 104 shares during the last quarter. 84.31% of the stock is owned by institutional investors.

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.