20,595 Shares in SiTime Co. (NASDAQ:SITM) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in SiTime Co. (NASDAQ:SITM) during the 4th quarter, HoldingsChannel reports. The firm acquired 20,595 shares of the company’s stock, valued at approximately $4,418,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SITM. Barclays PLC raised its stake in shares of SiTime by 80.7% during the 3rd quarter. Barclays PLC now owns 37,982 shares of the company’s stock worth $6,515,000 after purchasing an additional 16,964 shares in the last quarter. LMR Partners LLP increased its holdings in SiTime by 705.0% in the third quarter. LMR Partners LLP now owns 80,500 shares of the company’s stock worth $13,807,000 after buying an additional 70,500 shares during the last quarter. Smartleaf Asset Management LLC raised its position in SiTime by 278.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock valued at $60,000 after acquiring an additional 206 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in SiTime in the fourth quarter valued at approximately $538,000. Finally, FMR LLC lifted 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 acquiring an additional 39,119 shares during the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

SiTime Price Performance

Shares of SITM opened at $170.46 on Tuesday. The company has a market capitalization of $4.02 billion, a PE ratio of -42.09 and a beta of 1.85. SiTime Co. has a one year low of $72.39 and a one year high of $268.18. The company’s fifty day moving average price is $194.80 and its 200 day moving average price is $193.26.

Insider Activity

In other news, insider Lionel Bonnot sold 3,501 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $174.25, for a total value of $610,049.25. Following the completion of the sale, the insider now directly owns 87,940 shares of the company’s stock, valued at approximately $15,323,545. This represents a 3.83 % 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 this hyperlink. Also, insider Fariborz Assaderaghi sold 1,003 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $204.42, for a total transaction of $205,033.26. Following the completion of the sale, the insider now owns 99,678 shares in the company, valued at approximately $20,376,176.76. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,544 shares of company stock valued at $1,200,095. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SITM shares. Stifel Nicolaus increased their price target on shares of SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Barclays raised their target price on SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Raymond James reiterated an “outperform” rating and set a $250.00 price target (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Finally, Needham & Company LLC raised their price objective on SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, SiTime presently has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.

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.