Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Westfield Capital Management reduced stake in SiTime Corporation

Published 01/07/2021, 09:07 AM
Updated 01/07/2021, 09:30 AM
© Reuters.  Westfield Capital Management reduced stake in SiTime Corporation

On the 31st of December, Westfield Capital Management sold 429 thousand SiTime Corporation (NASDAQ:SITM) shares for $48 million at an average price of $111.93 per share. Shares of SiTime Corporation are down -3.04% since the transaction.

Westfield Capital Management's holding in SiTime Corporation decreased to about 114 thousand shares with the transaction.

Westfield Capital Management first bought SiTime Corporation stock in the fourth quarter of 2019. Westfield Capital Management also owns Broadcom Inc (NASDAQ:AVGO), Applied Materials Inc (NASDAQ:AMAT), Microchip Technology Inc (NASDAQ:MCHP) and Lam Research Corp (NASDAQ:LRCX). SiTime Corporation is its number eleven position by number of shares and market value among semiconductors stocks.

Other investors who also reduced their SiTime Corporation shares include Citigroup (NYSE:C), Gilder Gagnon Howe & Co., and Wasatch Advisors. In contrast, California State Teachers Retirement System, Royce & Associates, and Waddell & Reed (NYSE:WDR) Financial added to SITM shares.

Westfield Capital Management also increased their share in Ironwood Pharmaceuticals, Inc. (IRWD). The total value of the shares bought is estimated at around $36 million.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.