JPMorgan Chase & Co. Has $4.76 Million Holdings in SiTime Co. (NASDAQ:SITM)

JPMorgan Chase & Co. grew its stake in shares of SiTime Co. (NASDAQ:SITM) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,199 shares of the company’s stock after purchasing an additional 834 shares during the period. JPMorgan Chase & Co. owned about 0.10% of SiTime worth $4,762,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. grew its position in SiTime by 44.7% during the fourth quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $47,000 after buying an additional 67 shares during the period. 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 worth $60,000 after buying an additional 206 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of SiTime by 8,460.0% during the 4th quarter. AlphaQuest LLC now owns 428 shares of the company’s stock valued at $92,000 after buying an additional 423 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of SiTime during the 4th quarter valued at $130,000. Finally, SBI Securities Co. Ltd. bought a new stake in SiTime in the fourth quarter valued at approximately $140,000. 84.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Fariborz Assaderaghi sold 1,003 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $204.42, for a total value of $205,033.26. Following the completion of the transaction, the insider now owns 99,678 shares of the company’s stock, valued at approximately $20,376,176.76. This trade represents a 1.00 % decrease in their position. 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 1,038 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $157.64, for a total value of $163,630.32. Following the sale, the insider now owns 92,847 shares in the company, valued at $14,636,401.08. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,542 shares of company stock worth $978,713 in the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on SITM. Stifel Nicolaus dropped their price objective on SiTime from $270.00 to $180.00 and set a “buy” rating for the company in a report on Thursday. Needham & Company LLC increased their price target on shares of SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Barclays boosted their price objective on shares of SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Finally, Raymond James restated an “outperform” rating and set a $250.00 target price (up from $215.00) on shares of SiTime in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

SiTime Trading Down 0.2 %

NASDAQ SITM opened at $129.47 on Friday. The stock has a market cap of $3.06 billion, a PE ratio of -31.97 and a beta of 1.98. The stock’s 50 day moving average is $158.11 and its 200 day moving average is $192.04. SiTime Co. has a 12 month low of $72.39 and a 12 month high of $268.18.

SiTime Company 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.