Sei Investments Co. Increases Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Sei Investments Co. grew its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 81.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TTMI. USA Financial Formulas purchased a new stake in TTM Technologies in the 4th quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of TTM Technologies in the 3rd quarter valued at approximately $34,000. Smartleaf Asset Management LLC lifted its holdings in shares of TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after buying an additional 1,220 shares during the period. GAMMA Investing LLC boosted its stake in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after buying an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in TTM Technologies during the fourth quarter worth $83,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Price Performance

TTMI traded down $0.17 during trading on Friday, reaching $18.65. 532,736 shares of the stock were exchanged, compared to its average volume of 754,183. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 34.54 and a beta of 1.17. The business's 50 day moving average price is $22.70 and its two-hundred day moving average price is $23.02. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 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%. As a group, equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several research analyst reports. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and set a $33.00 price objective on shares of TTM Technologies in a report on Friday, March 21st.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Catherine A. Gridley sold 6,000 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the sale, the executive vice president now directly owns 125,206 shares in the company, valued at $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock valued at $1,316,006 over the last quarter. Corporate insiders own 1.30% of the company's stock.

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.