SiTime Co. (NASDAQ:SITM) EVP Piyush B. Sevalia Sells 1,041 Shares

SiTime Co. (NASDAQ:SITM) EVP Piyush B. Sevalia sold 1,041 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $130.00, for a total value of $135,330.00. Following the completion of the transaction, the executive vice president now owns 91,693 shares in the company, valued at approximately $11,920,090. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

SiTime Trading Down 1.7 %

SiTime stock opened at $123.88 on Thursday. The business’s 50-day moving average price is $94.61 and its two-hundred day moving average price is $105.83. SiTime Co. has a 12-month low of $72.39 and a 12-month high of $141.99.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC upgraded SiTime from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Institutional Trading of SiTime

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pineridge Advisors LLC bought a new stake in shares of SiTime during the fourth quarter worth about $25,000. Quadrant Capital Group LLC grew its holdings in shares of SiTime by 78.2% during the fourth quarter. Quadrant Capital Group LLC now owns 335 shares of the company’s stock worth $41,000 after purchasing an additional 147 shares during the last quarter. Nemes Rush Group LLC grew its holdings in shares of SiTime by 26.9% during the fourth quarter. Nemes Rush Group LLC now owns 542 shares of the company’s stock worth $66,000 after purchasing an additional 115 shares during the last quarter. Amica Retiree Medical Trust grew its holdings in shares of SiTime by 479.5% during the third quarter. Amica Retiree Medical Trust now owns 649 shares of the company’s stock worth $74,000 after purchasing an additional 537 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of SiTime by 35.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 689 shares of the company’s stock worth $84,000 after purchasing an additional 180 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors.

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.