SiTime Co. (NASDAQ:SITM – Get Free Report) EVP Piyush B. Sevalia sold 1,041 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $130.00, for a total transaction of $135,330.00. Following the completion of the sale, the executive vice president now owns 91,693 shares in the company, valued at $11,920,090. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
SiTime Price Performance
Shares of SITM opened at $123.88 on Thursday. SiTime Co. has a 1 year low of $72.39 and a 1 year high of $141.99. The company’s 50 day simple moving average is $94.61 and its 200 day simple moving average is $105.83.
Hedge Funds Weigh In On SiTime
A number of large investors have recently bought and sold shares of SITM. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in SiTime by 18.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,483 shares of the company’s stock worth $398,000 after purchasing an additional 537 shares during the period. Duality Advisers LP purchased a new position in shares of SiTime in the 3rd quarter valued at $526,000. Principal Financial Group Inc. raised its stake in shares of SiTime by 4.7% in the 3rd quarter. Principal Financial Group Inc. now owns 358,017 shares of the company’s stock valued at $40,903,000 after acquiring an additional 16,092 shares during the period. Amica Retiree Medical Trust raised its stake in shares of SiTime by 479.5% in the 3rd quarter. Amica Retiree Medical Trust now owns 649 shares of the company’s stock valued at $74,000 after acquiring an additional 537 shares during the period. Finally, Amica Mutual Insurance Co. raised its stake in shares of SiTime by 478.9% in the 3rd quarter. Amica Mutual Insurance Co. now owns 5,175 shares of the company’s stock valued at $591,000 after acquiring an additional 4,281 shares during the period. Hedge funds and other institutional investors own 84.31% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on SITM
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.
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