SiTime Co. (NASDAQ:SITM) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its stake in SiTime Co. (NASDAQ:SITM) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 44,142 shares of the company’s stock after selling 592 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SiTime were worth $9,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased 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 worth $47,000 after acquiring an additional 67 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of SiTime by 278.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the company’s stock valued at $60,000 after purchasing an additional 206 shares during the period. AlphaQuest LLC raised its holdings in shares of SiTime by 8,460.0% during the fourth quarter. AlphaQuest LLC now owns 428 shares of the company’s stock valued at $92,000 after buying an additional 423 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in SiTime in the 4th quarter worth approximately $130,000. Finally, SBI Securities Co. Ltd. acquired a new stake in SiTime in the 4th quarter valued at approximately $140,000. 84.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SiTime news, insider Piyush B. Sevalia sold 1,038 shares of the company’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 directly owns 92,847 shares of the company’s stock, valued at approximately $14,636,401.08. This represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,002 shares of SiTime stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $220.94, for a total transaction of $221,381.88. Following the completion of the transaction, the insider now directly owns 100,681 shares in the company, valued at approximately $22,244,460.14. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,544 shares of company stock worth $1,200,095. Corporate insiders own 2.30% of the company’s stock.

SiTime Trading Down 4.4 %

NASDAQ:SITM opened at $178.11 on Thursday. The company has a 50-day moving average of $187.51 and a 200-day moving average of $195.00. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of -43.98 and a beta of 1.85. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $268.18.

Wall Street Analyst Weigh In

SITM has been the subject of several recent analyst reports. Stifel Nicolaus increased their price target on SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Needham & Company LLC increased their target price on shares of SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Raymond James restated an “outperform” rating and set a $250.00 price target (up from $215.00) on shares of SiTime in a research report on Thursday, February 6th. Finally, Barclays increased 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. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $232.00.

About SiTime

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.