Legato Capital Management LLC Has $1.17 Million Holdings in SiTime Co. (NASDAQ:SITM)

Legato Capital Management LLC grew its stake in shares of SiTime Co. (NASDAQ:SITM) by 111.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,450 shares of the company’s stock after purchasing an additional 2,870 shares during the period. Legato Capital Management LLC’s holdings in SiTime were worth $1,169,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of SITM. Creative Planning bought a new stake in SiTime during the third quarter worth $842,000. Swedbank AB boosted its holdings in SiTime by 21.7% during the 3rd quarter. Swedbank AB now owns 28,000 shares of the company’s stock worth $4,802,000 after acquiring an additional 5,000 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of SiTime by 28.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,672 shares of the company’s stock worth $458,000 after acquiring an additional 595 shares in the last quarter. Net Worth Advisory Group purchased a new stake in shares of SiTime in the third quarter valued at about $209,000. Finally, Everence Capital Management Inc. bought a new position in shares of SiTime during the third quarter valued at about $393,000. 84.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SITM. Needham & Company LLC upped their price objective on shares of SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus upped their target price on SiTime from $250.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Roth Mkm lifted their price target on SiTime from $205.00 to $230.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Raymond James restated an “outperform” rating and issued a $250.00 price objective (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Finally, Barclays lifted their target price on SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $232.00.

Insider Buying and Selling at SiTime

In other news, insider Fariborz Assaderaghi sold 1,000 shares of SiTime stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $210.16, for a total value of $210,160.00. Following the completion of the transaction, the insider now owns 108,574 shares in the company, valued at $22,817,911.84. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Rajesh Vashist sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $259.25, for a total transaction of $3,111,000.00. Following the sale, the chief executive officer now owns 24,781 shares in the company, valued at $6,424,474.25. The trade was a 32.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,934 shares of company stock worth $5,206,598 over the last ninety days. 2.30% of the stock is currently owned by company insiders.

SiTime Trading Up 0.5 %

SiTime stock opened at $167.86 on Thursday. The business’s 50 day simple moving average is $225.39 and its 200 day simple moving average is $187.39. 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.