Level Four Advisory Services LLC Buys 1,621 Shares of SiTime Co. (NASDAQ:SITM)

Level Four Advisory Services LLC grew its stake in SiTime Co. (NASDAQ:SITMGet Rating) by 50.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,857 shares of the company’s stock after acquiring an additional 1,621 shares during the quarter. Level Four Advisory Services LLC’s holdings in SiTime were worth $1,421,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Macquarie Group Ltd. increased its stake in shares of SiTime by 0.4% in the 3rd quarter. Macquarie Group Ltd. now owns 378,985 shares of the company’s stock valued at $77,378,000 after acquiring an additional 1,655 shares during the last quarter. Wasatch Advisors Inc. increased its stake in shares of SiTime by 450.5% in the 3rd quarter. Wasatch Advisors Inc. now owns 356,004 shares of the company’s stock valued at $72,685,000 after acquiring an additional 291,334 shares during the last quarter. Northern Trust Corp increased its stake in shares of SiTime by 54.5% in the 4th quarter. Northern Trust Corp now owns 206,767 shares of the company’s stock valued at $60,488,000 after acquiring an additional 72,919 shares during the last quarter. Invesco Ltd. increased its stake in shares of SiTime by 2,422.2% in the 3rd quarter. Invesco Ltd. now owns 126,792 shares of the company’s stock valued at $25,887,000 after acquiring an additional 121,765 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of SiTime by 675.9% in the 4th quarter. Renaissance Technologies LLC now owns 121,900 shares of the company’s stock valued at $35,661,000 after acquiring an additional 106,190 shares during the last quarter. 62.79% of the stock is owned by institutional investors.

In other news, Director Edward H. Frank sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $197.23, for a total transaction of $394,460.00. Following the sale, the director now owns 5,000 shares in the company, valued at approximately $986,150. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Fariborz Assaderaghi sold 2,804 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $181.72, for a total value of $509,542.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,014 shares of company stock valued at $9,000,661. Insiders own 0.80% of the company’s stock.

A number of analysts have recently commented on SITM shares. TheStreet cut SiTime from a “c-” rating to a “d” rating in a research note on Wednesday, April 27th. Needham & Company LLC decreased their price objective on SiTime from $330.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 3rd. Finally, Zacks Investment Research lowered SiTime from a “hold” rating to a “strong sell” rating in a research report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SiTime presently has an average rating of “Buy” and an average price target of $301.83.

NASDAQ:SITM traded up $2.60 during trading hours on Friday, reaching $198.22. 171,830 shares of the stock were exchanged, compared to its average volume of 221,532. SiTime Co. has a twelve month low of $87.89 and a twelve month high of $341.77. The firm has a 50 day moving average of $202.25 and a 200 day moving average of $228.75. The stock has a market cap of $4.17 billion, a PE ratio of 102.71, a PEG ratio of 7.83 and a beta of 1.51.

SiTime (NASDAQ:SITMGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.18. SiTime had a return on equity of 8.76% and a net margin of 16.56%. The firm had revenue of $70.25 million during the quarter, compared to the consensus estimate of $65.00 million. During the same quarter in the prior year, the firm posted ($0.20) EPS. The business’s revenue was up 97.7% on a year-over-year basis. Analysts forecast that SiTime Co. will post 1.66 EPS for the current year.

About SiTime (Get Rating)

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. Its solutions have applications in various markets, including communications and 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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