Alpine Woods Capital Investors LLC Has $2.15 Million Stock Holdings in SiTime Co. (NASDAQ:SITM)

Alpine Woods Capital Investors LLC boosted its stake in SiTime Co. (NASDAQ:SITM) by 42.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,000 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in SiTime were worth $2,145,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp bought a new position in shares of SiTime during the third quarter valued at $123,000. Amalgamated Bank raised its stake in SiTime by 2.3% during the third quarter. Amalgamated Bank now owns 5,509 shares of the company’s stock worth $945,000 after buying an additional 122 shares during the last quarter. Atria Investments Inc bought a new position in SiTime during the third quarter worth $228,000. Crossmark Global Holdings Inc. bought a new position in SiTime during the third quarter worth $236,000. Finally, CIBC Asset Management Inc bought a new position in SiTime during the third quarter worth $205,000. Institutional investors own 84.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SITM shares. Stifel Nicolaus lifted their target price on shares of SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Needham & Company LLC lifted their target price on shares of SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Barclays lifted their target price on shares of SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Finally, Raymond James restated an “outperform” rating and issued a $250.00 price target (up from $215.00) on shares of SiTime in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $232.00.

Insiders Place Their Bets

In other news, insider Piyush B. Sevalia sold 1,038 shares of SiTime stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $157.64, for a total transaction of $163,630.32. Following the completion of the transaction, the insider now directly owns 92,847 shares in the company, valued at $14,636,401.08. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,002 shares of SiTime stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $220.94, for a total transaction of $221,381.88. Following the transaction, the insider now owns 100,681 shares of the company’s stock, valued at $22,244,460.14. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,544 shares of company stock worth $1,200,095. 2.30% of the stock is currently owned by company insiders.

SiTime Trading Down 4.8 %

NASDAQ:SITM opened at $158.42 on Friday. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of -39.12 and a beta of 1.85. The firm has a fifty day simple moving average of $197.46 and a two-hundred day simple moving average of $192.21. SiTime Co. has a 12 month low of $72.39 and a 12 month high of $268.18.

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.