EAM Global Investors LLC Takes Position in SiTime Co. (NASDAQ:SITM)

EAM Global Investors LLC acquired a new position in shares of SiTime Co. (NASDAQ:SITM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 16,851 shares of the company’s stock, valued at approximately $3,615,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SITM. Blue Trust Inc. lifted its holdings in SiTime by 44.7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $47,000 after buying an additional 67 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in SiTime in the fourth quarter valued at approximately $58,000. Smartleaf Asset Management LLC increased its stake in SiTime by 278.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock valued at $60,000 after purchasing an additional 206 shares during the last quarter. AlphaQuest LLC raised its holdings in SiTime by 8,460.0% during the fourth quarter. AlphaQuest LLC now owns 428 shares of the company’s stock worth $92,000 after purchasing an additional 423 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of SiTime during the 4th quarter worth approximately $130,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Insider Transactions at SiTime

In related news, insider Fariborz Assaderaghi sold 1,003 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $204.42, for a total transaction of $205,033.26. Following the transaction, the insider now owns 99,678 shares of the company’s stock, valued at $20,376,176.76. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Piyush B. Sevalia sold 1,038 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $157.64, for a total transaction of $163,630.32. Following the transaction, the insider now owns 92,847 shares in the company, valued at $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 5,542 shares of company stock worth $978,713 over the last 90 days. 2.30% of the stock is currently owned by insiders.

SiTime Stock Up 0.7 %

SITM opened at $138.24 on Wednesday. The business has a 50 day moving average price of $160.71 and a two-hundred day moving average price of $192.88. SiTime Co. has a 52 week low of $72.39 and a 52 week high of $268.18. The company has a market cap of $3.26 billion, a PE ratio of -34.13 and a beta of 1.98.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SITM shares. Needham & Company LLC increased their target price on shares of SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Raymond James reiterated an “outperform” rating and set a $250.00 target price (up previously from $215.00) on shares of SiTime in a research report on Thursday, February 6th. Stifel Nicolaus upped their target price on SiTime from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Barclays raised their target price on shares of SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.