SiTime Co. (NASDAQ:SITM) is S Squared Technology LLC’s 9th Largest Position

S Squared Technology LLC trimmed its position in shares of SiTime Co. (NASDAQ:SITM) by 53.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,588 shares of the company’s stock after selling 51,000 shares during the period. SiTime comprises 4.0% of S Squared Technology LLC’s investment portfolio, making the stock its 9th largest position. S Squared Technology LLC’s holdings in SiTime were worth $9,565,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SITM. Blue Trust Inc. increased its holdings in shares of SiTime by 44.7% in the fourth quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $47,000 after buying an additional 67 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of SiTime in the 4th quarter worth approximately $58,000. Smartleaf Asset Management LLC lifted its position in SiTime by 278.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock valued at $60,000 after buying an additional 206 shares during the period. AlphaQuest LLC lifted its position in SiTime by 8,460.0% during the 4th quarter. AlphaQuest LLC now owns 428 shares of the company’s stock valued at $92,000 after acquiring an additional 423 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of SiTime in the 4th quarter worth approximately $130,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SITM shares. Barclays upped 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 upped their price objective on 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 issued a $250.00 price target (up from $215.00) on shares of SiTime in a research report on Thursday, February 6th. Finally, Stifel Nicolaus raised their price objective on SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $232.00.

SiTime Price Performance

Shares of SITM opened at $129.78 on Thursday. The company has a 50 day simple moving average of $159.71 and a two-hundred day simple moving average of $192.44. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $268.18. The firm has a market cap of $3.06 billion, a P/E ratio of -32.04 and a beta of 1.98.

Insider Buying and Selling at SiTime

In related news, insider Piyush B. Sevalia sold 1,038 shares of SiTime stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $157.64, for a total value of $163,630.32. Following the completion of the transaction, the insider now owns 92,847 shares in the company, valued at approximately $14,636,401.08. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,003 shares of SiTime stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $204.42, for a total value of $205,033.26. Following the completion of the transaction, the insider now owns 99,678 shares of the company’s stock, valued at approximately $20,376,176.76. This trade represents a 1.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,542 shares of company stock worth $978,713. Insiders own 2.30% of the company’s stock.

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.