SiTime Co. (NASDAQ:SITM) Shares Acquired by Royce & Associates LP

Royce & Associates LP grew its stake in SiTime Co. (NASDAQ:SITM) by 137.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,606 shares of the company’s stock after purchasing an additional 11,934 shares during the period. Royce & Associates LP’s holdings in SiTime were worth $4,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC lifted its holdings in shares of SiTime by 80.7% in the 3rd quarter. Barclays PLC now owns 37,982 shares of the company’s stock valued at $6,515,000 after buying an additional 16,964 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of SiTime by 278.4% in the 4th 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. Baader Bank Aktiengesellschaft acquired a new position in shares of SiTime in the 4th quarter valued at about $538,000. FMR LLC lifted its holdings in shares of SiTime by 1.1% in the 3rd quarter. FMR LLC now owns 3,469,843 shares of the company’s stock valued at $595,113,000 after buying an additional 39,119 shares during the period. Finally, Swedbank AB lifted its holdings in shares of SiTime by 21.7% in the 3rd quarter. Swedbank AB now owns 28,000 shares of the company’s stock valued at $4,802,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

Insider Buying and Selling at SiTime

In other SiTime news, insider Piyush B. Sevalia sold 1,038 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $157.64, for a total transaction of $163,630.32. Following the completion of the transaction, the insider now owns 92,847 shares of the company’s stock, valued at $14,636,401.08. This represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lionel Bonnot sold 3,501 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $174.25, for a total value of $610,049.25. Following the transaction, the insider now directly owns 87,940 shares of the company’s stock, valued at $15,323,545. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,544 shares of company stock valued at $1,200,095 over the last quarter. 2.30% of the stock is currently owned by insiders.

SiTime Price Performance

Shares of SiTime stock opened at $181.11 on Thursday. The business has a 50 day simple moving average of $192.69 and a two-hundred day simple moving average of $193.40. SiTime Co. has a 12 month low of $72.39 and a 12 month high of $268.18. The stock has a market capitalization of $4.27 billion, a P/E ratio of -44.72 and a beta of 1.85.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Raymond James restated an “outperform” rating and issued a $250.00 price target (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Barclays lifted 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. Stifel Nicolaus lifted their price target on SiTime from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Needham & Company LLC lifted their price target on SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, SiTime currently has an average rating of “Moderate Buy” and a consensus price target of $232.00.

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.