SiTime Co. (NASDAQ:SITM) Holdings Raised by NBC Securities Inc.

NBC Securities Inc. increased its holdings in SiTime Co. (NASDAQ:SITM) by 38.5% in the 1st quarter, Holdings Channel reports. The fund owned 4,915 shares of the company’s stock after purchasing an additional 1,367 shares during the period. NBC Securities Inc.’s holdings in SiTime were worth $458,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in SiTime by 19.8% in the 4th quarter. Jennison Associates LLC now owns 173,770 shares of the company’s stock worth $21,214,000 after acquiring an additional 28,739 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in SiTime by 16.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 246,637 shares of the company’s stock worth $30,112,000 after acquiring an additional 35,491 shares in the last quarter. Norges Bank purchased a new stake in SiTime in the 4th quarter worth about $12,662,000. Vanguard Group Inc. lifted its stake in SiTime by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,066,610 shares of the company’s stock worth $236,110,000 after acquiring an additional 58,629 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in SiTime by 12,108.0% in the 4th quarter. International Assets Investment Management LLC now owns 12,208 shares of the company’s stock worth $1,490,000 after acquiring an additional 12,108 shares in the last quarter. 84.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC raised SiTime from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Thursday, May 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, SiTime currently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

SiTime Stock Down 0.4 %

SITM opened at $119.70 on Friday. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $141.99. The business has a 50-day moving average of $109.01 and a 200-day moving average of $107.46.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($1.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.87) by ($0.17). The firm had revenue of $33.02 million for the quarter, compared to analysts’ expectations of $32.02 million. SiTime had a negative return on equity of 11.29% and a negative net margin of 66.88%. As a group, sell-side analysts anticipate that SiTime Co. will post -2.66 EPS for the current fiscal year.

Insider Activity

In other news, CEO Rajesh Vashist sold 20,000 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $125.44, for a total transaction of $2,508,800.00. Following the transaction, the chief executive officer now owns 455,367 shares of the company’s stock, valued at approximately $57,121,236.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Piyush B. Sevalia sold 827 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $130.00, for a total transaction of $107,510.00. Following the transaction, the executive vice president now owns 89,624 shares of the company’s stock, valued at approximately $11,651,120. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Rajesh Vashist sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $125.44, for a total value of $2,508,800.00. Following the completion of the sale, the chief executive officer now directly owns 455,367 shares in the company, valued at approximately $57,121,236.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,356 shares of company stock valued at $4,830,642. Insiders own 2.30% of the company’s stock.

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.