1,200 Shares in SiTime Co. (NASDAQ:SITM) Acquired by Saturna Capital Corp

Saturna Capital Corp purchased a new position in SiTime Co. (NASDAQ:SITM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,200 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently modified their holdings of the stock. Crossmark Global Holdings Inc. bought a new stake in shares of SiTime in the 3rd quarter worth approximately $236,000. Atria Investments Inc bought a new stake in shares of SiTime in the 3rd quarter worth approximately $228,000. Principal Financial Group Inc. raised its holdings in shares of SiTime by 15.4% in the 3rd quarter. Principal Financial Group Inc. now owns 448,930 shares of the company’s stock worth $76,996,000 after purchasing an additional 59,931 shares during the period. Amalgamated Bank raised its holdings in shares of SiTime by 2.3% in the 3rd quarter. Amalgamated Bank now owns 5,509 shares of the company’s stock worth $945,000 after purchasing an additional 122 shares during the period. Finally, Van ECK Associates Corp bought a new stake in shares of SiTime in the 3rd quarter worth approximately $123,000. Institutional investors own 84.31% of the company’s stock.

SiTime Stock Performance

SITM opened at $206.78 on Wednesday. The company has a fifty day moving average price of $170.57 and a 200-day moving average price of $143.17. SiTime Co. has a one year low of $72.39 and a one year high of $228.12.

SiTime (NASDAQ:SITM) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.40 EPS 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 analyst estimates 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 for the quarter was up 62.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.81) EPS. On average, equities research analysts anticipate that SiTime Co. will post -3.03 EPS for the current fiscal year.

Insider Activity

In related news, Director Torsten Kreindl sold 6,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $220.86, for a total value of $1,325,160.00. Following the completion of the transaction, the director now directly owns 13,511 shares in the company, valued at approximately $2,984,039.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Samsheer Ahamad sold 4,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $172.73, for a total value of $690,920.00. Following the completion of the transaction, the insider now directly owns 78,979 shares in the company, valued at approximately $13,642,042.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Torsten Kreindl sold 6,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $220.86, for a total transaction of $1,325,160.00. Following the completion of the transaction, the director now owns 13,511 shares of the company’s stock, valued at $2,984,039.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,464 shares of company stock worth $6,698,053 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on SITM shares. Barclays lifted their price target on shares of SiTime from $90.00 to $130.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Needham & Company LLC boosted their target price on shares of SiTime from $140.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their target price on shares of SiTime from $175.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Roth Mkm boosted their target price on shares of SiTime from $205.00 to $230.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

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.