Mutual of America Capital Management LLC Has $483,000 Holdings in SiTime Co. (NASDAQ:SITM)

Mutual of America Capital Management LLC decreased its stake in shares of SiTime Co. (NASDAQ:SITM) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,818 shares of the company’s stock after selling 77 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SiTime were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC grew its holdings in SiTime by 67.4% in the third quarter. Signaturefd LLC now owns 149 shares of the company’s stock worth $26,000 after purchasing an additional 60 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of SiTime by 59.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 236 shares of the company’s stock worth $29,000 after purchasing an additional 88 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of SiTime by 281.0% in the 2nd quarter. GAMMA Investing LLC now owns 381 shares of the company’s stock valued at $47,000 after buying an additional 281 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in SiTime in the 2nd quarter valued at about $49,000. Finally, Van ECK Associates Corp bought a new stake in SiTime during the 3rd quarter valued at $123,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Insider Buying and Selling

In other SiTime news, insider Fariborz Assaderaghi sold 363 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $216.25, for a total transaction of $78,498.75. Following the sale, the insider now owns 104,322 shares of the company’s stock, valued at $22,559,632.50. The trade was a 0.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rajesh Vashist sold 20,000 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $170.07, for a total value of $3,401,400.00. Following the sale, the chief executive officer now owns 424,417 shares in the company, valued at approximately $72,180,599.19. This represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,514 shares of company stock valued at $6,382,144. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SITM has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of SiTime from $175.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Barclays upped their target price on shares of SiTime from $90.00 to $130.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Roth Mkm increased their price target on SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC boosted their price objective on SiTime from $140.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th.

SiTime Stock Down 2.3 %

SiTime stock opened at $204.85 on Thursday. The company has a market capitalization of $4.79 billion, a P/E ratio of -49.48 and a beta of 1.83. The firm has a 50 day moving average price of $186.27 and a 200-day moving average price of $151.95. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $228.12.

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

About SiTime

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.