Segall Bryant & Hamill LLC lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 41.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,680 shares of the technology company’s stock after selling 57,178 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in TTM Technologies were worth $4,647,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in TTM Technologies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock valued at $757,789,000 after acquiring an additional 60,002 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of TTM Technologies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock worth $104,399,000 after purchasing an additional 7,814 shares in the last quarter. Invesco Ltd. raised its holdings in shares of TTM Technologies by 55.7% in the 2nd quarter. Invesco Ltd. now owns 2,114,409 shares of the technology company’s stock worth $86,310,000 after purchasing an additional 756,702 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after purchasing an additional 115,766 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in TTM Technologies by 8.4% during the second quarter. Bank of America Corp DE now owns 1,197,109 shares of the technology company’s stock worth $48,866,000 after buying an additional 92,366 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.
TTM Technologies Stock Performance
Shares of TTMI stock opened at $98.95 on Friday. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of 58.55 and a beta of 1.74. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $113.46. The company has a current ratio of 1.93, a quick ratio of 1.67 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $92.40 and its 200-day simple moving average is $70.84.
Wall Street Analyst Weigh In
Several research analysts have issued reports on TTMI shares. Needham & Company LLC upped their price target on TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Stifel Nicolaus set a $108.00 price target on TTM Technologies in a research report on Thursday, February 5th. Finally, Truist Financial set a $113.00 price objective on TTM Technologies in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $117.25.
Insider Transactions at TTM Technologies
In related news, EVP Catherine A. Gridley sold 20,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the completion of the sale, the executive vice president directly owned 78,645 shares in the company, valued at approximately $8,331,651.30. This trade represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $101.62, for a total value of $1,707,216.00. Following the completion of the transaction, the director owned 855,171 shares in the company, valued at $86,902,477.02. This trade represents a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 105,150 shares of company stock valued at $9,900,522. 1.30% of the stock is owned by insiders.
About TTM Technologies
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.
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