87,040 Shares in SiTime Co. (NASDAQ:SITM) Acquired by Emerald Advisers LLC

Emerald Advisers LLC acquired a new stake in SiTime Co. (NASDAQ:SITM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 87,040 shares of the company’s stock, valued at approximately $18,673,000. Emerald Advisers LLC owned about 0.37% of SiTime as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of SiTime by 1.1% in the 3rd quarter. FMR LLC now owns 3,469,843 shares of the company’s stock worth $595,113,000 after purchasing an additional 39,119 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of SiTime by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 2,468,348 shares of the company’s stock valued at $529,535,000 after purchasing an additional 52,310 shares during the period. State Street Corp raised its stake 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 period. Principal Financial Group Inc. increased its position in shares of SiTime by 15.4% in the third quarter. Principal Financial Group Inc. now owns 448,930 shares of the company’s stock valued at $76,996,000 after acquiring an additional 59,931 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of SiTime by 3.7% in the third quarter. Geode Capital Management LLC now owns 440,922 shares of the company’s stock valued at $75,637,000 after acquiring an additional 15,759 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other SiTime news, insider Fariborz Assaderaghi sold 1,002 shares of the business’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 transaction, the insider now owns 100,681 shares in the company, valued at approximately $22,244,460.14. The trade was a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Piyush B. Sevalia sold 1,038 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were 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 in the company, valued at $14,636,401.08. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,544 shares of company stock worth $1,200,095 in the last 90 days. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SITM has been the subject of a number of research analyst reports. Barclays lifted their price target on SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Needham & Company LLC lifted their price target 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 set a $250.00 price objective (up from $215.00) on shares of SiTime in a research report on Thursday, February 6th. Finally, Stifel Nicolaus upped their price target on shares of SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, SiTime currently has an average rating of “Moderate Buy” and an average target price of $232.00.

SiTime Stock Performance

SiTime stock opened at $178.26 on Friday. The firm’s fifty day moving average price is $190.51 and its 200-day moving average price is $193.94. The stock has a market cap of $4.21 billion, a P/E ratio of -44.01 and a beta of 1.85. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $268.18.

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.