SiTime Corporation $SITM Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. decreased its position in shares of SiTime Corporation (NASDAQ:SITM) by 50.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 921 shares of the company’s stock after selling 921 shares during the quarter. Values First Advisors Inc.’s holdings in SiTime were worth $318,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. increased its holdings in shares of SiTime by 188.5% in the 4th quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 49 shares during the period. Optiver Holding B.V. boosted its stake in SiTime by 56.1% during the 3rd quarter. Optiver Holding B.V. now owns 89 shares of the company’s stock valued at $27,000 after purchasing an additional 32 shares during the period. Larson Financial Group LLC grew its position in SiTime by 3,200.0% in the 3rd quarter. Larson Financial Group LLC now owns 99 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in SiTime in the 4th quarter worth about $33,000. Finally, Danske Bank A S acquired a new stake in shares of SiTime in the fourth quarter valued at approximately $35,000. Institutional investors own 84.31% of the company’s stock.

SiTime Price Performance

SITM stock opened at $753.12 on Tuesday. The firm has a market cap of $19.88 billion, a PE ratio of -745.66 and a beta of 2.94. SiTime Corporation has a 12 month low of $186.49 and a 12 month high of $901.81. The firm has a 50 day simple moving average of $659.73 and a 200 day simple moving average of $470.76.

SiTime (NASDAQ:SITM) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.30. The firm had revenue of $113.57 million for the quarter, compared to analyst estimates of $103.51 million. SiTime had a negative net margin of 6.38% and a positive return on equity of 0.53%. The firm’s quarterly revenue was up 88.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, sell-side analysts expect that SiTime Corporation will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

SITM has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on SiTime from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Barclays raised SiTime from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $400.00 to $850.00 in a report on Thursday, May 7th. UBS Group lifted their target price on SiTime from $675.00 to $775.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and set a $900.00 price target on shares of SiTime in a research report on Thursday, May 7th. Finally, Wall Street Zen raised SiTime from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, SiTime currently has an average rating of “Moderate Buy” and a consensus price target of $661.88.

Insider Buying and Selling at SiTime

In related news, Director Raman Chitkara sold 2,000 shares of SiTime stock in a transaction on Friday, June 12th. The stock was sold at an average price of $727.38, for a total value of $1,454,760.00. Following the transaction, the director directly owned 19,898 shares in the company, valued at $14,473,407.24. The trade was a 9.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Fariborz Assaderaghi sold 1,000 shares of SiTime stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $702.90, for a total value of $702,900.00. Following the completion of the transaction, the insider owned 78,936 shares in the company, valued at $55,484,114.40. The trade was a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 74,624 shares of company stock worth $52,399,813. 1.40% of the stock is owned by insiders.

SiTime Profile

SiTime Corporation is a fabless semiconductor company specializing in silicon timing solutions that leverage micro-electromechanical systems (MEMS) technology as an alternative to traditional quartz crystals. Its portfolio of programmable oscillators, resonators, clock generators, jitter attenuators and network synchronizers addresses precision timekeeping requirements across a wide range of electronic systems. By integrating MEMS resonators with advanced mixed-signal control circuitry, SiTime’s products offer enhanced reliability, resistance to shock and vibration, and a smaller footprint compared with conventional quartz devices.

The company’s timing devices serve diverse end markets, including telecommunications infrastructure, data center and enterprise networking, consumer electronics, automotive systems, industrial automation, and aerospace and defense applications.