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Wedge Capital Management L L P NC Sells 322,731 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Defense World ·  Sep 21, 2022 09:31

Wedge Capital Management L L P NC lessened its position in TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) by 54.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 268,543 shares of the technology company's stock after selling 322,731 shares during the period. Wedge Capital Management L L P NC owned 0.26% of TTM Technologies worth $3,357,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TTMI. JPMorgan Chase & Co. grew its holdings in TTM Technologies by 172.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,027,982 shares of the technology company's stock worth $30,217,000 after acquiring an additional 1,284,743 shares during the last quarter. Invesco Ltd. grew its holdings in TTM Technologies by 19.9% in the 4th quarter. Invesco Ltd. now owns 2,125,075 shares of the technology company's stock worth $31,663,000 after acquiring an additional 352,666 shares during the last quarter. American Century Companies Inc. grew its holdings in TTM Technologies by 59.9% in the 1st quarter. American Century Companies Inc. now owns 584,004 shares of the technology company's stock worth $8,655,000 after acquiring an additional 218,867 shares during the last quarter. State Street Corp grew its holdings in TTM Technologies by 5.8% in the 1st quarter. State Street Corp now owns 3,947,177 shares of the technology company's stock worth $58,497,000 after acquiring an additional 215,134 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in TTM Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 11,435,839 shares of the technology company's stock worth $169,479,000 after acquiring an additional 208,288 shares during the last quarter. Institutional investors own 95.83% of the company's stock.

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Insider Transactions at TTM Technologies

In other news, SVP William Kent Hardwick sold 5,000 shares of the firm's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $16.29, for a total value of $81,450.00. Following the completion of the sale, the senior vice president now directly owns 82,889 shares of the company's stock, valued at approximately $1,350,261.81. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Tony Sanchez sold 4,832 shares of TTM Technologies stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $12.13, for a total transaction of $58,612.16. Following the completion of the transaction, the vice president now directly owns 21,749 shares of the company's stock, valued at approximately $263,815.37. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP William Kent Hardwick sold 5,000 shares of TTM Technologies stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $16.29, for a total transaction of $81,450.00. Following the transaction, the senior vice president now directly owns 82,889 shares of the company's stock, valued at $1,350,261.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,822 shares of company stock valued at $461,231. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC raised their price target on shares of TTM Technologies from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, August 4th.

TTM Technologies Trading Down 1.2 %

NASDAQ:TTMI opened at $14.39 on Wednesday. The company has a 50-day moving average price of $14.92 and a 200-day moving average price of $14.10. TTM Technologies, Inc. has a 12 month low of $9.76 and a 12 month high of $17.49. The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 20.27 and a beta of 1.44.

TTM Technologies Profile

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TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.

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