Dimensional Fund Advisors LP Has $57.30 Million Position in SiTime Co. (NASDAQ:SITM)

Dimensional Fund Advisors LP trimmed its position in shares of SiTime Co. (NASDAQ:SITM) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 267,068 shares of the company’s stock after selling 17,941 shares during the period. Dimensional Fund Advisors LP’s holdings in SiTime were worth $57,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its position in SiTime by 1.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 2,866 shares of the company’s stock valued at $615,000 after acquiring an additional 48 shares during the period. State of Alaska Department of Revenue increased its holdings in SiTime by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 10,755 shares of the company’s stock valued at $2,307,000 after purchasing an additional 57 shares during the period. Blue Trust Inc. raised its position in SiTime by 44.7% during the 4th quarter. Blue Trust Inc. now owns 217 shares of the company’s stock worth $47,000 after purchasing an additional 67 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in SiTime by 4.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,945 shares of the company’s stock worth $417,000 after buying an additional 83 shares during the period. Finally, Arizona State Retirement System grew its position in shares of SiTime by 1.9% in the 4th quarter. Arizona State Retirement System now owns 5,368 shares of the company’s stock valued at $1,152,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 84.31% of the company’s stock.

Analyst Upgrades and Downgrades

SITM has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on SiTime from $270.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Needham & Company LLC upped their price objective on shares of SiTime from $225.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Raymond James reissued an “outperform” rating and set a $250.00 target price (up previously from $215.00) on shares of SiTime in a research note on Thursday, February 6th. Finally, Barclays cut their price target on shares of SiTime from $180.00 to $110.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, SiTime has a consensus rating of “Moderate Buy” and a consensus price target of $204.00.

SiTime Stock Up 6.6 %

Shares of SITM stock opened at $156.53 on Friday. The firm has a 50 day moving average of $152.40 and a 200-day moving average of $189.65. The company has a market cap of $3.71 billion, a price-to-earnings ratio of -38.65 and a beta of 1.98. SiTime Co. has a 52 week low of $87.48 and a 52 week high of $268.18.

Insiders Place Their Bets

In other SiTime news, insider Fariborz Assaderaghi sold 1,003 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $204.42, for a total value of $205,033.26. Following the transaction, the insider now owns 99,678 shares in the company, valued at approximately $20,376,176.76. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Piyush B. Sevalia sold 1,038 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $157.64, for a total value of $163,630.32. Following the sale, the insider now owns 92,847 shares of the company’s stock, valued at approximately $14,636,401.08. This represents a 1.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,809 shares of company stock worth $1,165,975. 2.30% of the stock is currently owned by company insiders.

About SiTime

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.