Sei Investments Co. Sells 12,260 Shares of TTM Technologies, Inc. $TTMI

Sei Investments Co. decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMIFree Report) by 8.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,348 shares of the technology company’s stock after selling 12,260 shares during the period. Sei Investments Co.’s holdings in TTM Technologies were worth $12,893,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in shares of TTM Technologies during the fourth quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in shares of TTM Technologies in the 4th quarter worth about $30,000. Rakuten Securities Inc. bought a new position in TTM Technologies in the 4th quarter valued at about $32,000. Parallel Advisors LLC lifted its position in TTM Technologies by 36.2% in the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after acquiring an additional 87 shares in the last quarter. Finally, Danske Bank A S acquired a new position in TTM Technologies during the 4th quarter valued at about $34,000. 95.79% of the stock is owned by institutional investors.

Insider Transactions at TTM Technologies

In other news, EVP Shawn A. Powers sold 9,856 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $2,067,788.80. Following the completion of the transaction, the executive vice president directly owned 119,268 shares of the company’s stock, valued at $25,022,426.40. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Douglas L. Soder sold 8,902 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,867,550.58. Following the sale, the executive vice president directly owned 208,245 shares of the company’s stock, valued at $43,687,718.55. The trade was a 4.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

TTMI has been the subject of a number of recent research reports. Wall Street Zen lowered TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Truist Financial raised their target price on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Zacks Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Needham & Company LLC upped their price target on TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Stifel Nicolaus increased their price target on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $212.00.

Get Our Latest Research Report on TTM Technologies

TTM Technologies Stock Down 0.1%

TTM Technologies stock opened at $115.44 on Friday. TTM Technologies, Inc. has a fifty-two week low of $39.20 and a fifty-two week high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The firm’s 50-day simple moving average is $167.56 and its 200 day simple moving average is $132.47. The stock has a market cap of $11.99 billion, a PE ratio of 62.40 and a beta of 2.10.

TTM Technologies (NASDAQ:TTMIGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The firm had revenue of $845.98 million during the quarter, compared to analyst estimates of $789.84 million. During the same quarter last year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. Research analysts predict that TTM Technologies, Inc. will post 3.66 EPS for the current fiscal year.

TTM Technologies Company Profile

(Free Report)

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.

Further Reading

Want to see what other hedge funds are holding TTMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TTM Technologies, Inc. (NASDAQ:TTMIFree Report).

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.