Oppenheimer Asset Management Inc. Acquires 120 Shares of SiTime Co. (NASDAQ:SITM)

Oppenheimer Asset Management Inc. raised its stake in shares of SiTime Co. (NASDAQ:SITMFree Report) by 2.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,287 shares of the company’s stock after acquiring an additional 120 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SiTime were worth $490,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SITM. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of SiTime by 87.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,084 shares of the company’s stock valued at $1,508,000 after acquiring an additional 2,844 shares during the period. US Bancorp DE raised its holdings in shares of SiTime by 94.4% in the first quarter. US Bancorp DE now owns 933 shares of the company’s stock valued at $231,000 after buying an additional 453 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of SiTime in the first quarter valued at about $290,000. PNC Financial Services Group Inc. raised its holdings in shares of SiTime by 191.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,095 shares of the company’s stock valued at $270,000 after buying an additional 719 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of SiTime by 2,115.2% in the first quarter. Bank of Montreal Can now owns 23,370 shares of the company’s stock valued at $6,100,000 after buying an additional 22,315 shares during the last quarter. 84.31% of the stock is owned by institutional investors.

SiTime Stock Performance

SiTime stock opened at $124.96 on Friday. SiTime Co. has a 1 year low of $81.09 and a 1 year high of $142.88. The business has a 50-day moving average of $117.22 and a 200-day moving average of $117.29.

Insider Transactions at SiTime

In other news, insider Fariborz Assaderaghi sold 1,026 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $126.83, for a total transaction of $130,127.58. Following the completion of the transaction, the insider now directly owns 95,082 shares in the company, valued at approximately $12,059,250.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Fariborz Assaderaghi sold 1,026 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $126.83, for a total transaction of $130,127.58. Following the completion of the transaction, the insider now directly owns 95,082 shares in the company, valued at approximately $12,059,250.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rajesh Vashist sold 1,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $125.00, for a total value of $125,000.00. Following the transaction, the chief executive officer now owns 428,655 shares of the company’s stock, valued at $53,581,875. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,078 shares of company stock worth $612,948. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SITM shares. Stifel Nicolaus lifted their price target on SiTime from $135.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Roth Mkm cut their price target on SiTime from $150.00 to $125.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Finally, Barclays lifted their price objective on SiTime from $110.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, SiTime presently has a consensus rating of “Moderate Buy” and an average price target of $142.00.

Read Our Latest Research Report on SiTime

SiTime Company Profile

(Free Report)

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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