Driehaus Capital Management Reduces $135M in SiTime Corporation ($SITM)
Key Points
- Driehaus Capital Management changed its SiTime Corporation ($SITM) stake by 44.8% last quarter, cutting to 227,965 shares worth $166.39 million.
- Wall Street's consensus rating on $SITM is Strong Buy and an average price target of $827.78.
- $SITM last traded around $729.89.
Driehaus Capital Management reduced its position in SiTime Corporation ($SITM) by 44.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 227,965 shares of SiTime Corporation after selling 184,908 shares during the quarter. Driehaus Capital Management's holdings in SiTime Corporation were worth $166.39 million as of its most recent filing.
SiTime Corporation ($SITM) Stock
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About SiTime Corporation
SiTime Corporation engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally. It offers various types of oscillators, as well as clock integrated circuits, resonators, and synchronization software for use in artificial intelligence systems, data center, communications, enterprise, automotive, industrial, aerospace, defense, mobile, Internet of Things, and consumer markets. The company was incorporated in 2003 and is based in Santa Clara, California.
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