Amica Retiree Medical Trust Sells 390 Shares of SiTime Co. (NASDAQ:SITM)

Amica Retiree Medical Trust trimmed its position in shares of SiTime Co. (NASDAQ:SITM) by 36.2% in the fourth quarter, Holdings Channel reports. The fund owned 688 shares of the company’s stock after selling 390 shares during the quarter. Amica Retiree Medical Trust’s holdings in SiTime were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in SiTime by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,714 shares of the company’s stock worth $2,524,000 after buying an additional 94 shares during the period. Intech Investment Management LLC bought a new position in SiTime during the third quarter worth $716,000. Charles Schwab Investment Management Inc. boosted its holdings in SiTime by 7.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 165,820 shares of the company’s stock valued at $28,440,000 after purchasing an additional 11,955 shares during the period. Citigroup Inc. grew its position in SiTime by 65.9% in the 3rd quarter. Citigroup Inc. now owns 24,892 shares of the company’s stock worth $4,269,000 after purchasing an additional 9,888 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of SiTime by 21.7% during the 3rd quarter. Swedbank AB now owns 28,000 shares of the company’s stock worth $4,802,000 after purchasing an additional 5,000 shares during the period. 84.31% of the stock is owned by institutional investors and hedge funds.

SiTime Price Performance

Shares of SITM stock opened at $178.11 on Thursday. SiTime Co. has a one year low of $72.39 and a one year high of $268.18. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -43.98 and a beta of 1.85. The stock’s fifty day simple moving average is $187.51 and its 200 day simple moving average is $195.00.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SITM shares. Needham & Company LLC lifted their target price on SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Barclays boosted their price objective on SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a research report on Friday, January 17th. Stifel Nicolaus raised their target price on SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Raymond James restated an “outperform” rating and issued a $250.00 price objective (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SiTime currently has a consensus rating of “Moderate Buy” and an average price target of $232.00.

Insider Transactions at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 1,002 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $220.94, for a total value of $221,381.88. Following the completion of the sale, the insider now owns 100,681 shares in the company, valued at approximately $22,244,460.14. This trade represents a 0.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Lionel Bonnot sold 3,501 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $174.25, for a total transaction of $610,049.25. Following the completion of the transaction, the insider now directly owns 87,940 shares of the company’s stock, valued at approximately $15,323,545. This represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,544 shares of company stock valued at $1,200,095. Corporate insiders own 2.30% of the company’s stock.

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.