Nemes Rush Group LLC Buys 115 Shares of SiTime Co. (NASDAQ:SITM)

Nemes Rush Group LLC grew its position in SiTime Co. (NASDAQ:SITM) by 26.9% during the fourth quarter, HoldingsChannel reports. The firm owned 542 shares of the company’s stock after buying an additional 115 shares during the quarter. Nemes Rush Group LLC’s holdings in SiTime were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in SiTime by 78.2% in the 4th quarter. Quadrant Capital Group LLC now owns 335 shares of the company’s stock worth $41,000 after acquiring an additional 147 shares during the period. Amica Retiree Medical Trust increased its stake in shares of SiTime by 479.5% in the third quarter. Amica Retiree Medical Trust now owns 649 shares of the company’s stock worth $74,000 after purchasing an additional 537 shares during the period. Assetmark Inc. lifted its position 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 purchasing an additional 153 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in SiTime during the 4th quarter valued at approximately $202,000. Finally, Legato Capital Management LLC acquired a new stake in SiTime in the 4th quarter valued at approximately $237,000. 84.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

SiTime Stock Performance

NASDAQ:SITM traded down $0.49 during mid-day trading on Wednesday, hitting $125.53. The company’s stock had a trading volume of 79,080 shares, compared to its average volume of 210,056. The stock has a fifty day moving average of $93.95 and a 200-day moving average of $105.70. SiTime Co. has a fifty-two week low of $72.39 and a fifty-two week high of $141.99.

Insider Transactions at SiTime

In related news, insider Fariborz Assaderaghi sold 1,288 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $84.25, for a total value of $108,514.00. Following the sale, the insider now owns 110,203 shares of the company’s stock, valued at approximately $9,284,602.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Piyush B. Sevalia sold 1,768 shares of SiTime stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $115.42, for a total transaction of $204,062.56. Following the completion of the transaction, the executive vice president now directly owns 97,136 shares of the company’s stock, valued at approximately $11,211,437.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Fariborz Assaderaghi sold 1,288 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $84.25, for a total transaction of $108,514.00. Following the completion of the transaction, the insider now owns 110,203 shares in the company, valued at $9,284,602.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,151 shares of company stock valued at $615,401. Corporate insiders own 2.30% of the company’s stock.

SiTime Company 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.