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

F M Investments LLC grew its position in SiTime Co. (NASDAQ:SITM) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,375 shares of the company’s stock after purchasing an additional 744 shares during the quarter. F M Investments LLC owned about 0.31% of SiTime worth $12,414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC increased its position in SiTime by 67.4% during the 3rd quarter. Signaturefd LLC now owns 149 shares of the company’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of SiTime by 59.5% in the second quarter. Nisa Investment Advisors LLC now owns 236 shares of the company’s stock worth $29,000 after buying an additional 88 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of SiTime by 281.0% during the second quarter. GAMMA Investing LLC now owns 381 shares of the company’s stock worth $47,000 after buying an additional 281 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of SiTime in the 2nd quarter valued at $49,000. Finally, PNC Financial Services Group Inc. raised its stake in SiTime by 35.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 689 shares of the company’s stock worth $84,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SITM. Stifel Nicolaus increased their price objective on SiTime from $175.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Barclays downgraded shares of SiTime from an “equal weight” rating to an “underweight” rating and set a $90.00 price target on the stock. in a report on Tuesday, August 27th.

SiTime Stock Performance

Shares of NASDAQ SITM traded up $1.59 during trading on Friday, reaching $170.60. 155,646 shares of the company traded hands, compared to its average volume of 144,543. SiTime Co. has a 12-month low of $72.39 and a 12-month high of $188.98. The firm’s fifty day simple moving average is $163.72 and its 200 day simple moving average is $137.06.

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

Insider Activity at SiTime

In other news, CEO Rajesh Vashist sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 424,417 shares in the company, valued at $72,180,599.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Rajesh Vashist sold 20,000 shares of SiTime stock in a transaction dated Thursday, September 19th. The shares were 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 $72,180,599.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Fariborz Assaderaghi sold 1,083 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $139.05, for a total transaction of $150,591.15. Following the transaction, the insider now owns 112,584 shares of the company’s stock, valued at approximately $15,654,805.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,464 shares of company stock worth $4,681,973. 2.30% of the stock is owned by company insiders.

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.