D. E. Shaw & Co. Inc. Sells 90,451 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

D. E. Shaw & Co. Inc. reduced its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 4.1% in the second quarter, HoldingsChannel.com reports. The firm owned 2,097,931 shares of the technology company’s stock after selling 90,451 shares during the period. D. E. Shaw & Co. Inc.’s holdings in TTM Technologies were worth $40,763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caxton Associates LP purchased a new position in shares of TTM Technologies during the second quarter valued at approximately $618,000. Marshall Wace LLP purchased a new position in TTM Technologies during the 2nd quarter worth $574,000. Public Sector Pension Investment Board grew its stake in shares of TTM Technologies by 6.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 223,880 shares of the technology company’s stock worth $4,350,000 after acquiring an additional 14,300 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of TTM Technologies in the second quarter valued at about $8,806,000. Finally, Sei Investments Co. lifted its position in shares of TTM Technologies by 41.7% during the second quarter. Sei Investments Co. now owns 77,427 shares of the technology company’s stock valued at $1,504,000 after purchasing an additional 22,799 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TTM Technologies

In related news, EVP Shawn A. Powers sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the sale, the executive vice president now directly owns 101,741 shares in the company, valued at approximately $2,085,690.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the transaction, the executive vice president now directly owns 101,741 shares in the company, valued at approximately $2,085,690.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas L. Soder sold 9,714 shares of TTM Technologies stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $20.00, for a total value of $194,280.00. Following the completion of the transaction, the executive vice president now owns 204,493 shares of the company’s stock, valued at $4,089,860. The disclosure for this sale can be found here. Insiders sold 72,714 shares of company stock worth $1,348,180 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TTMI has been the topic of a number of recent analyst reports. B. Riley lifted their price target on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a report on Thursday, August 1st. Truist Financial reiterated a “buy” rating and set a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus raised their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, TTM Technologies presently has an average rating of “Buy” and an average target price of $24.31.

TTM Technologies Price Performance

TTM Technologies stock opened at $18.58 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. The business’s 50 day simple moving average is $18.97 and its 200 day simple moving average is $17.89. TTM Technologies, Inc. has a 12 month low of $11.14 and a 12 month high of $22.70. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -928.54 and a beta of 1.26.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The company had revenue of $605.10 million during the quarter, compared to the consensus estimate of $582.70 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Sell-side analysts forecast that TTM Technologies, Inc. will post 1.31 EPS for the current year.

TTM Technologies Company Profile

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.