Xponance Inc. Increases Stock Position in SiTime Co. (NASDAQ:SITM)

Xponance Inc. increased its stake in shares of SiTime Co. (NASDAQ:SITM) by 10.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,324 shares of the company’s stock after buying an additional 124 shares during the period. Xponance Inc.’s holdings in SiTime were worth $284,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in SiTime by 80.7% during the 3rd quarter. Barclays PLC now owns 37,982 shares of the company’s stock valued at $6,515,000 after buying an additional 16,964 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 acquiring an additional 206 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in SiTime in the fourth quarter worth about $538,000. FMR LLC grew its stake in shares of SiTime by 1.1% during the 3rd quarter. FMR LLC now owns 3,469,843 shares of the company’s stock valued at $595,113,000 after purchasing an additional 39,119 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of SiTime during the 4th quarter valued at about $4,418,000. Institutional investors own 84.31% of the company’s stock.

SiTime Price Performance

Shares of NASDAQ SITM opened at $166.65 on Friday. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $268.18. The firm has a fifty day moving average price of $185.99 and a 200-day moving average price of $194.81. The stock has a market cap of $3.93 billion, a PE ratio of -41.15 and a beta of 1.85.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SITM shares. 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. Stifel Nicolaus boosted their price objective on shares of SiTime from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Raymond James reaffirmed an “outperform” rating and issued a $250.00 target price (up from $215.00) on shares of SiTime in a report on Thursday, February 6th. Finally, Needham & Company LLC boosted their price target on SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.00.

Insiders Place Their Bets

In related news, insider Piyush B. Sevalia sold 1,038 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 92,847 shares of the company’s stock, valued at approximately $14,636,401.08. This trade represents a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Fariborz Assaderaghi sold 1,003 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 99,678 shares in the company, valued at approximately $20,376,176.76. The trade was a 1.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,544 shares of company stock worth $1,200,095. Corporate insiders own 2.30% of the company’s stock.

SiTime 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.