Montanaro Asset Management Ltd Increases Stock Position in SiTime Co. (NASDAQ:SITM)

Montanaro Asset Management Ltd lifted its holdings in shares of SiTime Co. (NASDAQ:SITMFree Report) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,550 shares of the company’s stock after acquiring an additional 10,000 shares during the period. SiTime accounts for about 1.6% of Montanaro Asset Management Ltd’s holdings, making the stock its 28th biggest position. Montanaro Asset Management Ltd’s holdings in SiTime were worth $8,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SITM. Quadrant Capital Group LLC lifted its holdings in SiTime by 78.2% in the fourth quarter. Quadrant Capital Group LLC now owns 335 shares of the company’s stock valued at $41,000 after acquiring an additional 147 shares during the period. Nemes Rush Group LLC lifted its holdings in SiTime by 26.9% in the fourth quarter. Nemes Rush Group LLC now owns 542 shares of the company’s stock valued at $66,000 after acquiring an additional 115 shares during the period. Amica Retiree Medical Trust lifted its holdings in SiTime by 479.5% in the third quarter. Amica Retiree Medical Trust now owns 649 shares of the company’s stock valued at $74,000 after acquiring an additional 537 shares during the period. Assetmark Inc. raised its stake in shares of SiTime by 24.4% during the 4th quarter. Assetmark Inc. now owns 781 shares of the company’s stock worth $95,000 after buying an additional 153 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of SiTime during the 4th quarter worth $202,000. Institutional investors and hedge funds own 84.31% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC raised SiTime from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Thursday, May 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.00.

Get Our Latest Research Report on SITM

SiTime Trading Down 3.7 %

Shares of NASDAQ:SITM traded down $4.85 during midday trading on Tuesday, hitting $126.02. 165,039 shares of the stock were exchanged, compared to its average volume of 211,429. SiTime Co. has a twelve month low of $72.39 and a twelve month high of $141.99. The company has a 50 day moving average price of $93.30 and a 200-day moving average price of $105.60.

Insider Transactions at SiTime

In related news, insider Lionel Bonnot sold 781 shares of SiTime stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $117.08, for a total transaction of $91,439.48. Following the completion of the sale, the insider now owns 98,299 shares in the company, valued at approximately $11,508,846.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Lionel Bonnot sold 781 shares of SiTime stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $117.08, for a total transaction of $91,439.48. Following the completion of the sale, the insider now owns 98,299 shares in the company, valued at approximately $11,508,846.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Fariborz Assaderaghi sold 1,288 shares of SiTime stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $90.57, for a total value of $116,654.16. Following the completion of the sale, the insider now owns 111,491 shares of the company’s stock, valued at approximately $10,097,739.87. The disclosure for this sale can be found here. Insiders sold 6,151 shares of company stock valued at $615,401 in the last 90 days. 2.30% of the stock is currently owned by insiders.

SiTime Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SiTime (NASDAQ:SITM)

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