SiTime Co. (NASDAQ:SITM) Insider Sells $187,262.60 in Stock

SiTime Co. (NASDAQ:SITM) insider Fariborz Assaderaghi sold 1,267 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $147.80, for a total value of $187,262.60. Following the sale, the insider now directly owns 113,584 shares of the company’s stock, valued at approximately $16,787,715.20. This represents a 1.10 % 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 this hyperlink.

Fariborz Assaderaghi also recently made the following trade(s):

• On Monday, February 3rd, Fariborz Assaderaghi sold 1,003 shares of SiTime stock. The shares were sold at an average price of $204.42, for a total value of $205,033.26.

SiTime Stock Performance

SiTime stock opened at $163.82 on Friday. SiTime Co. has a one year low of $91.45 and a one year high of $268.18. The company has a market cap of $3.89 billion, a P/E ratio of -40.45 and a beta of 1.98. The business has a fifty day moving average of $152.47 and a two-hundred day moving average of $189.57.

Wall Street Analyst Weigh In

SITM has been the subject of several recent research reports. Raymond James reaffirmed an “outperform” rating and set a $250.00 price target (up from $215.00) on shares of SiTime in a report on Thursday, February 6th. Barclays reduced their target price on shares of SiTime from $180.00 to $110.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC boosted their price target on shares of SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Stifel Nicolaus reduced their price objective on shares of SiTime from $270.00 to $180.00 and set a “buy” rating for the company in a research 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, SiTime has a consensus rating of “Moderate Buy” and an average target price of $204.00.

Institutional Trading of SiTime

Institutional investors have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC acquired a new stake in shares of SiTime during the 4th quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new position in SiTime during the first quarter worth $32,000. Blue Trust Inc. boosted its position in SiTime by 44.7% during the fourth quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $47,000 after purchasing an additional 67 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in SiTime in the fourth quarter valued at $58,000. Finally, Smartleaf Asset Management LLC increased its position 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 buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 84.31% of the company’s stock.

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.