TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 81.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 49,262 shares of the technology company’s stock after acquiring an additional 22,052 shares during the period. Sei Investments Co.’s holdings in TTM Technologies were worth $1,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jane Street Group LLC raised its stake in TTM Technologies by 75.6% in the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after buying an additional 99,512 shares in the last quarter. Victory Capital Management Inc. increased its stake in TTM Technologies by 391.6% in the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after purchasing an additional 781,058 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of TTM Technologies by 33.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock worth $993,000 after buying an additional 9,980 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of TTM Technologies by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company’s stock worth $12,238,000 after purchasing an additional 13,918 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of TTM Technologies by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after purchasing an additional 30,738 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Transactions at TTM Technologies

In other news, SVP Dale Martin Knecht sold 3,848 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the transaction, the senior vice president now owns 86,346 shares of the company’s stock, valued at approximately $2,245,859.46. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the sale, the executive vice president now directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,817 shares of company stock valued at $1,316,006. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $17.78 on Monday. The business’s 50-day moving average price is $23.50 and its 200 day moving average price is $23.07. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The company has a market capitalization of $1.81 billion, a PE ratio of 32.93 and a beta of 1.17.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. On average, research analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on TTMI. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of TTM Technologies in a research report on Friday, March 21st. Stifel Nicolaus initiated coverage on TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target for the company.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.