SiTime Co. (NASDAQ:SITM) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in shares of SiTime Co. (NASDAQ:SITM) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,915 shares of the company’s stock after buying an additional 537 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in SiTime were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Hanseatic Management Services Inc. purchased a new stake in shares of SiTime in the fourth quarter valued at $702,000. GAMMA Investing LLC increased its position in shares of SiTime by 27.1% in the 4th quarter. GAMMA Investing LLC now owns 944 shares of the company’s stock worth $203,000 after purchasing an additional 201 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of SiTime by 15.4% during the 3rd quarter. Principal Financial Group Inc. now owns 448,930 shares of the company’s stock valued at $76,996,000 after acquiring an additional 59,931 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of SiTime during the 3rd quarter valued at about $166,000. Finally, Virtu Financial LLC bought a new stake in SiTime in the third quarter valued at $204,000. 84.31% of the stock is owned by institutional investors and hedge funds.

SiTime Trading Down 3.7 %

Shares of SiTime stock opened at $247.61 on Monday. The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of -59.81 and a beta of 1.82. The firm has a fifty day simple moving average of $229.39 and a 200-day simple moving average of $183.69. SiTime Co. has a 1-year low of $72.39 and a 1-year high of $268.18.

SiTime (NASDAQ:SITM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.14. The firm had revenue of $57.70 million during the quarter, compared to the consensus estimate of $55.10 million. SiTime had a negative net margin of 53.55% and a negative return on equity of 9.89%. The business’s revenue was up 62.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.81) EPS. As a group, research analysts predict that SiTime Co. will post -2.98 earnings per share for the current year.

Insiders Place Their Bets

In other SiTime news, insider Vincent P. Pangrazio sold 3,064 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $255.00, for a total transaction of $781,320.00. Following the sale, the insider now directly owns 65,978 shares of the company’s stock, valued at approximately $16,824,390. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samsheer Ahamad sold 4,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $172.73, for a total value of $690,920.00. Following the sale, the insider now owns 78,979 shares in the company, valued at $13,642,042.67. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,931 shares of company stock worth $7,017,644 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Needham & Company LLC increased their price target on SiTime from $140.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Barclays lifted their price target on SiTime from $130.00 to $160.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Stifel Nicolaus lifted their price target on SiTime from $230.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Roth Mkm lifted their price objective on SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

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.