SiTime Corporation $SITM Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC cut its stake in SiTime Corporation (NASDAQ:SITM) by 38.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,792 shares of the company’s stock after selling 4,967 shares during the period. Motley Fool Asset Management LLC’s holdings in SiTime were worth $2,752,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in SiTime by 188.5% in the 4th quarter. Rakuten Securities Inc. now owns 75 shares of the company’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Optiver Holding B.V. boosted its stake in SiTime by 56.1% in the 3rd quarter. Optiver Holding B.V. now owns 89 shares of the company’s stock worth $27,000 after purchasing an additional 32 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in SiTime by 190.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 90 shares of the company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Larson Financial Group LLC boosted its stake 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 in the last quarter. Finally, Danske Bank A S acquired a new stake in SiTime in the 4th quarter worth approximately $35,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SITM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of SiTime from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research upgraded shares of SiTime from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 15th. Roth Mkm reiterated a “buy” rating and issued a $900.00 target price on shares of SiTime in a research note on Thursday, May 7th. UBS Group lifted their target price on shares of SiTime from $675.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Barclays upgraded shares of SiTime from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $400.00 to $850.00 in a research note on Thursday, May 7th. One 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’s stock. According to MarketBeat.com, SiTime has an average rating of “Moderate Buy” and an average price target of $661.88.

Insiders Place Their Bets

In related news, insider Fariborz Assaderaghi sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $702.90, for a total transaction of $702,900.00. Following the completion of the sale, the insider directly owned 78,936 shares of the company’s stock, valued at approximately $55,484,114.40. This trade represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Akira Takata sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $860.86, for a total value of $1,291,290.00. Following the transaction, the director owned 12,234 shares of the company’s stock, valued at $10,531,761.24. This trade represents a 10.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 52,624 shares of company stock worth $35,942,053. 1.40% of the stock is currently owned by company insiders.

SiTime Trading Up 0.7%

SiTime stock opened at $664.23 on Thursday. SiTime Corporation has a 12 month low of $186.49 and a 12 month high of $901.81. The stock’s 50 day simple moving average is $603.01 and its two-hundred day simple moving average is $446.40. The firm has a market cap of $17.54 billion, a PE ratio of -657.65 and a beta of 2.94.

SiTime (NASDAQ:SITM) last announced its earnings results on Wednesday, May 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 0.53% and a negative net margin of 6.38%.The business’s revenue was up 88.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. On average, equities research analysts forecast that SiTime Corporation will post 3.23 EPS for the current year.

About SiTime

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.