3 days Ago By ABMN Staff
Arizona State Retirement System increased its holdings in SiTime Co. ( NASDAQ:SITM – Free Report ) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 5,122 shares of the company’s stock after acquiring an additional 493 shares during the quarter. Arizona State Retirement System’s holdings in SiTime were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors also recently modified their holdings of the business.
Norges Bank purchased a new stake in SiTime in the fourth quarter worth about $12,662,000. Brown Advisory Inc. increased its position in SiTime by 125.
1% during the 4th quarter. Brown Advisory Inc. now owns 155,947 shares of the company’s stock valued at $19,038,000 after buying an additional 86,675 shares in the last quarter.
Vanguard Group Inc. raised its stake in SiTime by 4.1% during the first quarter.
Vanguard Group Inc. now owns 2,203,286 shares of the company’s stock valued at $205,412,000 after buying an additional 85,800 shares during the last quarter. F M Investments LLC bought a new stake in SiTime in the second quarter worth $8,909,000.
Finally, Roubaix Capital LLC purchased a new stake in shares of SiTime in the first quarter worth $5,288,000. 84.31% of the stock is currently owned by institutional investors.
Insider Activity In other SiTime news, insider Fariborz Assaderaghi sold 1,003 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $140.00, for a total value of $140,420.
00. Following the completion of the sale, the insider now owns 111,581 shares in the company, valued at approximately $15,621,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .
In other SiTime news, insider Fariborz Assaderaghi sold 1,003 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $140.00, for a total value of $140,420.
00. Following the completion of the transaction, the insider now directly owns 111,581 shares in the company, valued at approximately $15,621,340. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
Also, EVP Piyush B. Sevalia sold 6,331 shares of SiTime stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $140.
20, for a total transaction of $887,606.20. Following the sale, the executive vice president now owns 83,293 shares in the company, valued at approximately $11,677,678.
60. The disclosure for this sale can be found here . Insiders have sold 26,181 shares of company stock worth $3,636,308 in the last three months.
Company insiders own 2.30% of the company’s stock. Wall Street Analysts Forecast Growth Check Out Our Latest Report on SiTime SiTime Stock Performance NASDAQ SITM opened at $146.
49 on Monday. The business’s fifty day moving average is $139.71 and its 200 day moving average is $116.
95. The company has a market capitalization of $3.39 billion, a PE ratio of -35.
47 and a beta of 1.82. SiTime Co.
has a fifty-two week low of $72.39 and a fifty-two week high of $165.11.
SiTime ( NASDAQ:SITM – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
04 by $0.08. SiTime had a negative return on equity of 10.
53% and a negative net margin of 60.46%. The company had revenue of $43.
90 million during the quarter, compared to the consensus estimate of $41.01 million. During the same period in the previous year, the company posted ($1.
17) EPS. The firm’s revenue was up 58.5% on a year-over-year basis.
On average, sell-side analysts forecast that SiTime Co. will post -3.03 EPS for the current year.
SiTime Profile ( Free Report ) 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.
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