SiTime Co. (NASDAQ:SITM – Get Rating) insider Fariborz Assaderaghi sold 1,312 shares of the stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $106.54, for a total value of $139,780.48. Following the transaction, the insider now directly owns 114,068 shares in the company, valued at $12,152,804.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Fariborz Assaderaghi also recently made the following trade(s):
- On Thursday, March 2nd, Fariborz Assaderaghi sold 2,116 shares of SiTime stock. The shares were sold at an average price of $131.20, for a total value of $277,619.20.
SiTime Stock Performance
Shares of SITM stock opened at $88.29 on Friday. SiTime Co. has a one year low of $73.10 and a one year high of $234.89. The company’s fifty day moving average price is $125.04 and its 200-day moving average price is $112.06.
Institutional Trading of SiTime
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its holdings in SiTime by 87.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,084 shares of the company’s stock valued at $1,508,000 after buying an additional 2,844 shares in the last quarter. US Bancorp DE grew its stake in SiTime by 94.4% during the first quarter. US Bancorp DE now owns 933 shares of the company’s stock valued at $231,000 after acquiring an additional 453 shares in the last quarter. Private Advisor Group LLC bought a new stake in SiTime in the 1st quarter valued at $290,000. PNC Financial Services Group Inc. increased its holdings in SiTime by 191.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,095 shares of the company’s stock valued at $270,000 after acquiring an additional 719 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in SiTime by 2,115.2% in the 1st quarter. Bank of Montreal Can now owns 23,370 shares of the company’s stock worth $6,100,000 after purchasing an additional 22,315 shares in the last quarter. Institutional investors own 74.96% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently commented on SITM. Needham & Company LLC lowered shares of SiTime from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays cut shares of SiTime from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $135.00 to $88.00 in a report on Friday. Roth Capital boosted their price objective on shares of SiTime from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Stifel Nicolaus cut their price target on SiTime from $140.00 to $126.00 in a report on Thursday. Finally, Raymond James upped their price target on SiTime from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.83.
About SiTime
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.
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