271 Shares in SiTime Co. (NASDAQ:SITM) Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd bought a new stake in shares of SiTime Co. (NASDAQ:SITM) during the 4th quarter, Holdings Channel.com reports. The fund bought 271 shares of the company’s stock, valued at approximately $58,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SITM. Mutual of America Capital Management LLC boosted its position in SiTime by 1.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 2,866 shares of the company’s stock valued at $615,000 after purchasing an additional 48 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of SiTime by 0.5% during the fourth quarter. State of Alaska Department of Revenue now owns 10,755 shares of the company’s stock valued at $2,307,000 after buying an additional 57 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of SiTime by 44.7% in the 4th quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $47,000 after buying an additional 67 shares in the last quarter. Arizona State Retirement System grew its position in shares of SiTime by 1.9% in the 4th quarter. Arizona State Retirement System now owns 5,368 shares of the company’s stock worth $1,152,000 after buying an additional 99 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of SiTime by 0.4% during the 4th quarter. New York State Teachers Retirement System now owns 23,700 shares of the company’s stock worth $5,084,000 after acquiring an additional 100 shares in the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on SITM. Raymond James reiterated an “outperform” rating and set a $250.00 price objective (up previously from $215.00) on shares of SiTime in a report on Thursday, February 6th. Stifel Nicolaus raised their price target on SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays upped 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, 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. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $232.00.

Insider Transactions at SiTime

In other SiTime news, insider Fariborz Assaderaghi sold 1,003 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $204.42, for a total transaction of $205,033.26. Following the completion of the sale, the insider now owns 99,678 shares of the company’s stock, valued at $20,376,176.76. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Piyush B. Sevalia sold 1,038 shares of the business’s 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 sale, the insider now owns 92,847 shares in the company, valued at approximately $14,636,401.08. This trade represents a 1.11 % decrease in their ownership of the stock. 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 ninety days. Insiders own 2.30% of the company’s stock.

SiTime Price Performance

Shares of SiTime stock opened at $149.90 on Thursday. The stock has a market capitalization of $3.54 billion, a P/E ratio of -37.01 and a beta of 1.98. The business has a 50 day simple moving average of $166.37 and a two-hundred day simple moving average of $193.91. 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.