SiTime Co. (NASDAQ:SITM) Shares Sold by Amica Retiree Medical Trust

Amica Retiree Medical Trust decreased its stake in shares of SiTime Co. (NASDAQ:SITM) by 36.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 688 shares of the company’s stock after selling 390 shares during the period. Amica Retiree Medical Trust’s holdings in SiTime were worth $148,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its position 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 purchasing an additional 67 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of SiTime by 278.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock worth $60,000 after buying an additional 206 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of SiTime by 8,460.0% in the fourth quarter. AlphaQuest LLC now owns 428 shares of the company’s stock valued at $92,000 after buying an additional 423 shares during the period. Harvest Fund Management Co. Ltd bought a new position in SiTime during the fourth quarter valued at about $130,000. Finally, SBI Securities Co. Ltd. acquired a new position in SiTime during the fourth quarter worth about $140,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Analysts Set New Price Targets

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

SiTime Stock Down 4.4 %

SITM opened at $178.11 on Thursday. The firm has a market capitalization of $4.20 billion, a P/E ratio of -43.98 and a beta of 1.85. The stock has a fifty day moving average of $187.51 and a 200-day moving average of $195.00. SiTime Co. has a 12-month low of $72.39 and a 12-month high of $268.18.

Insider Buying and Selling

In related news, insider Fariborz Assaderaghi sold 1,002 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $221,381.88. Following the transaction, the insider now directly owns 100,681 shares of the company’s stock, valued at approximately $22,244,460.14. The trade was a 0.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lionel Bonnot sold 3,501 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 87,940 shares in the company, valued at approximately $15,323,545. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety 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.