1 week Ago By ABMN Staff
Pictet Asset Management Holding SA increased its position in shares of SiTime Co. ( NASDAQ:SITM – Free Report ) by 17.4% during the 4th quarter, Holdings Channel.
com reports. The firm owned 2,798 shares of the company’s stock after buying an additional 414 shares during the quarter. Pictet Asset Management Holding SA’s holdings in SiTime were worth $600,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of SiTime by 44.
7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $47,000 after purchasing an additional 67 shares in the last quarter.
Smartleaf Asset Management LLC increased its holdings in shares of SiTime by 278.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock valued at $60,000 after purchasing an additional 206 shares during the period.
AlphaQuest LLC lifted its position in shares of SiTime by 8,460.0% in the fourth quarter. AlphaQuest LLC now owns 428 shares of the company’s stock worth $92,000 after purchasing an additional 423 shares in the last quarter.
Harvest Fund Management Co. Ltd acquired a new stake in shares of SiTime during the fourth quarter worth approximately $130,000. Finally, SBI Securities Co.
Ltd. purchased a new position in SiTime during the fourth quarter valued at approximately $140,000. 84.
31% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling at SiTime In other news, insider Fariborz Assaderaghi sold 1,003 shares of SiTime stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $204.
42, for a total value of $205,033.26. Following the transaction, the insider now owns 99,678 shares of the company’s stock, valued at $20,376,176.
76. This trade represents a 1.00 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, insider Piyush B. Sevalia sold 1,038 shares of the company’s stock in a transaction on Monday, March 3rd.
The stock was sold at an average price of $157.64, for a total transaction of $163,630.32.
Following the sale, the insider now directly owns 92,847 shares of the company’s stock, valued at approximately $14,636,401.08. This represents a 1.
11 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 5,542 shares of company stock worth $978,713 over the last three months.
Corporate insiders own 2.30% of the company’s stock. SiTime Trading Down 4.
9 % Analyst Upgrades and Downgrades A number of equities research analysts have issued reports on SITM shares. Barclays increased their target price on shares of SiTime from $130.00 to $160.
00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Needham & Company LLC lifted their price objective on SiTime from $225.00 to $250.
00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus upped their target price on SiTime from $250.00 to $270.
00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Raymond James reiterated an “outperform” rating and set a $250.00 price target (up from $215.
00) on shares of SiTime in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and an average target price of $232.00. View Our Latest Report on SITM SiTime Company 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. Featured Stories Want to see what other hedge funds are holding SITM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for SiTime Co. ( NASDAQ:SITM – Free Report ). Receive News & Ratings for SiTime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiTime and related companies with MarketBeat.
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