Mutual of America Capital Management LLC Has $2.12 Million Stake in SiTime Co. (NASDAQ:SITM)

Mutual of America Capital Management LLC lowered its holdings in shares of SiTime Co. (NASDAQ:SITMGet Rating) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,008 shares of the company’s stock after selling 658 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of SiTime worth $2,121,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in shares of SiTime during the first quarter worth about $41,000. Nisa Investment Advisors LLC acquired a new position in SiTime in the 1st quarter valued at $78,000. Covestor Ltd raised its holdings in SiTime by 14,500.0% in the 1st quarter. Covestor Ltd now owns 438 shares of the company’s stock valued at $109,000 after acquiring an additional 435 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of SiTime in the 1st quarter valued at $129,000. Finally, KBC Group NV bought a new position in shares of SiTime in the 1st quarter valued at $150,000. Institutional investors and hedge funds own 72.84% of the company’s stock.

SiTime Trading Down 1.0 %

Shares of NASDAQ SITM opened at $101.53 on Thursday. The stock has a fifty day simple moving average of $87.95 and a two-hundred day simple moving average of $134.79. SiTime Co. has a 1-year low of $73.10 and a 1-year high of $341.77. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 50.77, a price-to-earnings-growth ratio of 6.59 and a beta of 1.90.

Insider Buying and Selling at SiTime

In other SiTime news, Director Katherine Schuelke sold 3,000 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $98.89, for a total transaction of $296,670.00. Following the completion of the transaction, the director now directly owns 17,916 shares of the company’s stock, valued at $1,771,713.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other SiTime news, insider Lionel Bonnot sold 399 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $87.00, for a total transaction of $34,713.00. Following the sale, the insider now owns 104,510 shares in the company, valued at $9,092,370. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Katherine Schuelke sold 3,000 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $98.89, for a total value of $296,670.00. Following the completion of the sale, the director now owns 17,916 shares in the company, valued at approximately $1,771,713.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,026 shares of company stock valued at $500,167. Company insiders own 1.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SITM shares. TheStreet upgraded SiTime from a “d+” rating to a “c” rating in a research report on Monday. Barclays dropped their price objective on SiTime from $130.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, November 3rd. Needham & Company LLC dropped their price target on SiTime from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, November 3rd. Raymond James decreased their price objective on SiTime from $240.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Finally, Credit Suisse Group assumed coverage on SiTime in a report on Tuesday, November 15th. They set an “outperform” rating and a $135.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $116.50.

SiTime Profile

(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.

Further Reading

Institutional Ownership by Quarter for SiTime (NASDAQ:SITM)

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