Dimensional Fund Advisors LP Sells 17,941 Shares of SiTime Co. (NASDAQ:SITM)

Dimensional Fund Advisors LP cut its position in SiTime Co. (NASDAQ:SITM) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,068 shares of the company’s stock after selling 17,941 shares during the quarter. Dimensional Fund Advisors LP owned about 1.14% of SiTime worth $57,295,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SITM. Mutual of America Capital Management LLC increased its holdings in shares of SiTime by 1.7% in 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 during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of SiTime by 0.5% during the 4th quarter. State of Alaska Department of Revenue now owns 10,755 shares of the company’s stock worth $2,307,000 after buying an additional 57 shares during the period. Blue Trust Inc. grew its stake in 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 during the last quarter. Summit Investment Advisors Inc. raised its holdings in SiTime by 4.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,945 shares of the company’s stock valued at $417,000 after acquiring an additional 83 shares during the period. Finally, Arizona State Retirement System lifted its position in SiTime by 1.9% during the fourth quarter. Arizona State Retirement System now owns 5,368 shares of the company’s stock worth $1,152,000 after acquiring an additional 99 shares during the last quarter. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SiTime

In other news, insider Lionel Bonnot sold 3,501 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $174.25, for a total value of $610,049.25. Following the completion of the transaction, the insider now owns 87,940 shares of the company’s stock, valued at approximately $15,323,545. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Fariborz Assaderaghi sold 1,003 shares of SiTime stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $204.42, for a total transaction of $205,033.26. Following the sale, the insider now directly owns 99,678 shares in the company, valued at $20,376,176.76. This trade represents a 1.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,809 shares of company stock valued at $1,165,975. Company insiders own 2.30% of the company’s stock.

SiTime Stock Up 6.6 %

Shares of SiTime stock opened at $156.53 on Friday. SiTime Co. has a 12-month low of $87.48 and a 12-month high of $268.18. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -38.65 and a beta of 1.98. The firm’s 50-day moving average price is $152.40 and its two-hundred day moving average price is $189.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SITM shares. Barclays decreased their target price on SiTime from $180.00 to $110.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC upped their price target on shares of SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Raymond James reiterated 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, Stifel Nicolaus lowered their target price on shares of SiTime from $270.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $204.00.

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.