SiTime Co. (NASDAQ:SITM) Insider Piyush B. Sevalia Sells 1,038 Shares

SiTime Co. (NASDAQ:SITM) insider Piyush B. Sevalia sold 1,038 shares of SiTime 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 transaction, the insider now owns 92,847 shares in the company, valued at $14,636,401.08. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

SiTime Stock Up 19.5 %

SiTime stock opened at $182.19 on Thursday. SiTime Co. has a 52-week low of $72.39 and a 52-week high of $268.18. The company has a market cap of $4.30 billion, a price-to-earnings ratio of -44.99 and a beta of 1.85. The firm’s fifty day moving average is $204.07 and its 200 day moving average is $191.60.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Fourth Dimension Wealth LLC purchased a new stake in SiTime during the fourth quarter valued at approximately $25,000. Blue Trust Inc. increased its position in shares of SiTime by 44.7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company’s stock valued at $47,000 after purchasing an additional 67 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in SiTime during the 4th quarter valued at $58,000. Smartleaf Asset Management LLC boosted its stake in SiTime by 278.4% during the fourth 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 period. Finally, Lazard Asset Management LLC bought a new position in SiTime during the fourth quarter valued at $81,000. Institutional investors own 84.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Raymond James reiterated an “outperform” rating and issued a $250.00 price target (up from $215.00) on shares of SiTime in a research report on Thursday, February 6th. Barclays raised their price target on SiTime from $130.00 to $160.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Stifel Nicolaus boosted 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. Needham & Company LLC boosted their target price on shares of SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Roth Mkm boosted their price target on shares of SiTime from $205.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.