Trillium Asset Management LLC Lowers Stock Position in SiTime Co. (NASDAQ:SITM)

Trillium Asset Management LLC lowered its position in SiTime Co. (NASDAQ:SITM) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,521 shares of the company’s stock after selling 1,312 shares during the period. Trillium Asset Management LLC’s holdings in SiTime were worth $6,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in shares of SiTime by 44.7% in the fourth 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. Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 206 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of SiTime by 8,460.0% in the fourth quarter. AlphaQuest LLC now owns 428 shares of the company’s stock valued at $92,000 after purchasing an additional 423 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of SiTime in the fourth quarter valued at about $140,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of SiTime in the third quarter valued at about $166,000. Hedge funds and other institutional investors own 84.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SITM shares. Raymond James restated an “outperform” rating and set a $250.00 price objective (up previously from $215.00) on shares of SiTime in a report on Thursday, February 6th. Needham & Company LLC raised their price objective on shares of SiTime from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays raised their price objective on shares of SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. Finally, Stifel Nicolaus raised their price objective on shares of SiTime from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, SiTime presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.00.

Insider Activity

In other SiTime news, insider Piyush B. Sevalia sold 1,038 shares of SiTime stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $157.64, for a total transaction of $163,630.32. Following the completion of the sale, the insider now directly owns 92,847 shares in the company, valued at $14,636,401.08. The trade was a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Fariborz Assaderaghi sold 1,003 shares of SiTime stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $204.42, for a total transaction of $205,033.26. Following the transaction, 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. Over the last ninety days, insiders sold 6,544 shares of company stock worth $1,200,095. 2.30% of the stock is owned by company insiders.

SiTime Stock Up 1.9 %

SITM opened at $181.11 on Thursday. The firm has a 50-day moving average price of $192.69 and a 200-day moving average price of $193.40. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $268.18. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of -44.72 and a beta of 1.85.

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.