SiTime Co. (NASDAQ:SITM) Holdings Decreased by Alberta Investment Management Corp

Alberta Investment Management Corp reduced its position in shares of SiTime Co. (NASDAQ:SITM) by 51.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,439 shares of the company’s stock after selling 4,793 shares during the period. Alberta Investment Management Corp’s holdings in SiTime were worth $952,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its position in shares of SiTime by 67.4% in the 3rd quarter. Signaturefd LLC now owns 149 shares of the company’s stock worth $26,000 after buying an additional 60 shares during the last quarter. Blue Trust Inc. lifted its holdings in SiTime by 44.7% in the fourth quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $47,000 after acquiring an additional 67 shares during the last quarter. Van ECK Associates Corp acquired a new position in SiTime in the third quarter valued at approximately $123,000. Sanctuary Advisors LLC bought a new position in shares of SiTime during the third quarter valued at approximately $166,000. Finally, GAMMA Investing LLC raised its position in shares of SiTime by 27.1% during the 4th quarter. GAMMA Investing LLC now owns 944 shares of the company’s stock worth $203,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

Insiders Place Their Bets

In other SiTime news, insider Fariborz Assaderaghi sold 1,003 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $204.42, for a total value of $205,033.26. Following the sale, the insider now directly owns 99,678 shares in the company, valued at approximately $20,376,176.76. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Vincent P. Pangrazio sold 3,064 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $255.00, for a total transaction of $781,320.00. Following the transaction, the insider now owns 65,978 shares of the company’s stock, valued at approximately $16,824,390. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,934 shares of company stock worth $4,996,438. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SITM. Roth Mkm boosted their price objective on SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of SiTime from $250.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Needham & Company LLC lifted their price objective 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 restated an “outperform” rating and issued a $250.00 target price (up previously from $215.00) on shares of SiTime in a research report on Thursday, February 6th. Finally, Barclays raised their price target on shares of SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, SiTime has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.

SiTime Stock Down 0.1 %

Shares of NASDAQ SITM opened at $179.93 on Friday. The firm’s 50-day simple moving average is $216.24 and its 200 day simple moving average is $188.77. The stock has a market cap of $4.25 billion, a P/E ratio of -44.43 and a beta of 1.80. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $268.18.

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.