Jump Financial LLC Sells 696 Shares of SiTime Co. (NASDAQ:SITM)

Jump Financial LLC lowered its stake in shares of SiTime Co. (NASDAQ:SITMFree Report) by 18.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,090 shares of the company’s stock after selling 696 shares during the period. Jump Financial LLC’s holdings in SiTime were worth $353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of SiTime by 42.1% during the second quarter. BlackRock Inc. now owns 2,569,540 shares of the company’s stock valued at $303,129,000 after buying an additional 761,370 shares during the period. Vanguard Group Inc. boosted its stake in SiTime by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,520,870 shares of the company’s stock worth $119,738,000 after acquiring an additional 38,543 shares in the last quarter. Franklin Resources Inc. boosted its stake in SiTime by 4.3% during the second quarter. Franklin Resources Inc. now owns 1,217,497 shares of the company’s stock worth $143,628,000 after acquiring an additional 50,433 shares in the last quarter. State Street Corp boosted its stake in SiTime by 14.7% during the second quarter. State Street Corp now owns 974,883 shares of the company’s stock worth $115,007,000 after acquiring an additional 124,956 shares in the last quarter. Finally, Wasatch Advisors LP lifted its stake in shares of SiTime by 62.5% in the second quarter. Wasatch Advisors LP now owns 896,196 shares of the company’s stock worth $105,724,000 after buying an additional 344,566 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Insider Activity at SiTime

In related news, CEO Rajesh Vashist sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $125.00, for a total transaction of $125,000.00. Following the transaction, the chief executive officer now owns 429,655 shares in the company, valued at $53,706,875. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other SiTime news, CEO Rajesh Vashist sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $125.00, for a total transaction of $125,000.00. Following the completion of the sale, the chief executive officer now directly owns 429,655 shares of the company’s stock, valued at $53,706,875. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Fariborz Assaderaghi sold 1,026 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $126.83, for a total transaction of $130,127.58. Following the sale, the insider now directly owns 95,082 shares of the company’s stock, valued at $12,059,250.06. The disclosure for this sale can be found here. Insiders have sold a total of 5,078 shares of company stock worth $612,948 over the last quarter. Company insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

SITM has been the topic of several analyst reports. Roth Mkm dropped their target price on shares of SiTime from $150.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Stifel Nicolaus upped their target price on shares of SiTime from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Finally, Barclays upped their target price on shares of SiTime from $110.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $142.00.

Get Our Latest Research Report on SiTime

SiTime Stock Up 0.7 %

Shares of SiTime stock opened at $125.85 on Tuesday. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -44.79 and a beta of 1.86. The company’s 50 day moving average is $117.57 and its 200 day moving average is $117.24. SiTime Co. has a twelve month low of $81.09 and a twelve month high of $142.88.

About SiTime

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding SITM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SiTime Co. (NASDAQ:SITMFree Report).

Institutional Ownership by Quarter for SiTime (NASDAQ:SITM)

Receive News & Ratings for SiTime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiTime and related companies with MarketBeat.com's FREE daily email newsletter.