Baader Bank Aktiengesellschaft Makes New Investment in SiTime Co. (NASDAQ:SITM)

Baader Bank Aktiengesellschaft purchased a new position in shares of SiTime Co. (NASDAQ:SITM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,510 shares of the company’s stock, valued at approximately $538,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its stake in SiTime by 1.1% in the third 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 last quarter. State Street Corp raised its position in shares of SiTime by 3.1% in the 3rd quarter. State Street Corp now owns 922,974 shares of the company’s stock valued at $158,299,000 after purchasing an additional 27,692 shares during the last quarter. Principal Financial Group Inc. boosted its stake in SiTime by 15.4% in the 3rd quarter. Principal Financial Group Inc. now owns 448,930 shares of the company’s stock worth $76,996,000 after purchasing an additional 59,931 shares in the last quarter. Geode Capital Management LLC grew its position in SiTime by 3.7% during the 3rd quarter. Geode Capital Management LLC now owns 440,922 shares of the company’s stock worth $75,637,000 after purchasing an additional 15,759 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in SiTime by 7.8% during 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 in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime Price Performance

Shares of SITM stock opened at $203.76 on Friday. SiTime Co. has a 52-week low of $72.39 and a 52-week high of $268.18. The business has a 50-day simple moving average of $228.59 and a 200-day simple moving average of $184.50.

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

Insider Buying and Selling at SiTime

In other news, insider Fariborz Assaderaghi sold 1,000 shares of the 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 transaction, the insider now owns 108,574 shares in the company, valued at $22,817,911.84. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Vincent P. Pangrazio sold 3,064 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $255.00, for a total transaction of $781,320.00. Following the completion of the sale, the insider now directly owns 65,978 shares of the company’s stock, valued at approximately $16,824,390. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,931 shares of company stock valued at $6,326,724. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

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