2,510 Shares in SiTime Co. (NASDAQ:SITM) Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new stake in SiTime Co. (NASDAQ:SITM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,510 shares of the company’s stock, valued at approximately $538,000.

A number of other institutional investors have also bought and sold shares of SITM. KBC Group NV increased its holdings in shares of SiTime by 3.0% in the fourth quarter. KBC Group NV now owns 6,402 shares of the company’s stock valued at $1,373,000 after purchasing an additional 184 shares during the last quarter. Blue Trust Inc. increased its stake in shares of SiTime by 118.0% in the 4th quarter. Blue Trust Inc. now owns 327 shares of the company’s stock worth $70,000 after acquiring an additional 177 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of SiTime by 601.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,318 shares of the company’s stock worth $283,000 after acquiring an additional 1,130 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of SiTime by 39.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 1,915 shares of the company’s stock valued at $411,000 after acquiring an additional 537 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of SiTime in the fourth quarter valued at about $702,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

SiTime Trading Up 4.8 %

SiTime stock opened at $203.76 on Friday. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $268.18. The firm has a 50 day moving average price of $228.59 and a 200 day moving average price of $184.50.

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

Insider Transactions at SiTime

In other news, CEO Rajesh Vashist sold 12,000 shares of SiTime stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $259.25, for a total value of $3,111,000.00. Following the completion of the transaction, the chief executive officer now owns 24,781 shares in the company, valued at approximately $6,424,474.25. This trade represents a 32.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Fariborz Assaderaghi sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $210.16, for a total transaction of $210,160.00. Following the sale, the insider now owns 108,574 shares in the company, valued at $22,817,911.84. The trade was a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,931 shares of company stock valued at $6,326,724. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.