SiTime Co. (NASDAQ:SITM) Director Sells $130,400.00 in Stock

SiTime Co. (NASDAQ:SITM – Get Rating) Director Raman Chitkara sold 1,000 shares of SiTime stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $130.40, for a total value of $130,400.00. Following the completion of the transaction, the director now directly owns 19,368 shares of the company’s stock, valued at $2,525,587.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Raman Chitkara also recently made the following trade(s):

• On Monday, March 6th, Raman Chitkara sold 948 shares of SiTime stock. The shares were sold at an average price of $135.00, for a total value of $127,980.00.
• On Thursday, March 2nd, Raman Chitkara sold 1,000 shares of SiTime stock. The stock was sold at an average price of $130.35, for a total value of $130,350.00.

SiTime Trading Down 3.2 %

SiTime stock opened at $128.04 on Thursday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 124.31 and a beta of 1.86. SiTime Co. has a 1 year low of $73.10 and a 1 year high of $270.92. The business has a 50-day moving average of $120.36 and a 200-day moving average of $103.34.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TheStreet upgraded SiTime from a “d+” rating to a “c” rating in a research report on Monday, November 21st. Roth Capital lifted their price objective on SiTime from $125.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Needham & Company LLC lifted their price objective on SiTime from $115.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Barclays lifted their price objective on SiTime from $120.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Finally, Raymond James boosted their target price on SiTime from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $140.00.

Hedge Funds Weigh In On SiTime

Several institutional investors have recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of SiTime by 517.6% during the 3rd quarter. CWM LLC now owns 315 shares of the company’s stock valued at $25,000 after purchasing an additional 264 shares in the last quarter. Cutler Group LLC CA lifted its holdings in shares of SiTime by 172.4% during the 3rd quarter. Cutler Group LLC CA now owns 362 shares of the company’s stock valued at $28,000 after purchasing an additional 862 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of SiTime by 308.4% during the 4th quarter. Quadrant Capital Group LLC now owns 388 shares of the company’s stock valued at $39,000 after purchasing an additional 293 shares in the last quarter. Amundi bought a new position in shares of SiTime during the 2nd quarter valued at about $47,000. Finally, FourThought Financial LLC lifted its stake in SiTime by 34.3% in the 3rd quarter. FourThought Financial LLC now owns 658 shares of the company’s stock valued at $52,000 after acquiring an additional 168 shares in the last quarter. 74.96% of the stock is currently owned by institutional investors and hedge funds.

SiTime Company Profile

(Get Rating)

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. Its solutions have applications in various markets, including communications and enterprise, automotive, industrial, Internet of Things, mobile, consumer, and aerospace and defense.