SiTime Co. (NASDAQ:SITM) Shares Acquired by F M Investments LLC

F M Investments LLC increased its stake in shares of SiTime Co. (NASDAQ:SITM) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 72,375 shares of the company’s stock after buying an additional 744 shares during the period. F M Investments LLC’s holdings in SiTime were worth $12,414,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SITM. Vanguard Group Inc. boosted its position in SiTime by 4.1% in the 1st 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 period. Principal Financial Group Inc. increased its holdings in SiTime by 15.2% during the 2nd quarter. Principal Financial Group Inc. now owns 388,999 shares of the company’s stock worth $48,384,000 after purchasing an additional 51,407 shares during the period. William Blair Investment Management LLC raised its position in SiTime by 62.0% in the 2nd quarter. William Blair Investment Management LLC now owns 208,098 shares of the company’s stock valued at $25,883,000 after purchasing an additional 79,648 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of SiTime by 0.9% in the 1st quarter. Jennison Associates LLC now owns 175,272 shares of the company’s stock valued at $16,341,000 after buying an additional 1,502 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in SiTime in the second quarter valued at approximately $16,831,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays cut SiTime from an “equal weight” rating to an “underweight” rating and set a $90.00 price objective for the company. in a research report on Tuesday, August 27th. Stifel Nicolaus boosted their price objective on shares of SiTime from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th.

SiTime Trading Up 0.9 %

NASDAQ:SITM traded up $1.59 during mid-day trading on Friday, reaching $170.60. 155,646 shares of the stock were exchanged, compared to its average volume of 144,543. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $188.98. The company has a 50 day simple moving average of $163.72 and a 200-day simple moving average of $137.06.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, August 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.08. SiTime had a negative net margin of 60.46% and a negative return on equity of 10.53%. The business had revenue of $43.90 million for the quarter, compared to analysts’ expectations of $41.01 million. During the same period in the previous year, the company posted ($1.17) EPS. The company’s quarterly revenue was up 58.5% on a year-over-year basis. On average, research analysts anticipate that SiTime Co. will post -3.03 EPS for the current year.

Insider Transactions at SiTime

In other SiTime news, insider Lionel Bonnot sold 3,230 shares of SiTime stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $140.55, for a total value of $453,976.50. Following the transaction, the insider now directly owns 87,525 shares in the company, valued at approximately $12,301,638.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Lionel Bonnot sold 3,230 shares of SiTime stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $140.55, for a total value of $453,976.50. Following the sale, the insider now owns 87,525 shares of the company’s stock, valued at $12,301,638.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Piyush B. Sevalia sold 807 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $160.00, for a total transaction of $129,120.00. Following the completion of the sale, the insider now owns 87,534 shares of the company’s stock, valued at approximately $14,005,440. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,464 shares of company stock worth $4,681,973. Company 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.