Tudor Investment Corp ET AL Lowers Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Tudor Investment Corp ET AL cut its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 32.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,949 shares of the technology company's stock after selling 97,733 shares during the quarter. Tudor Investment Corp ET AL owned about 0.20% of TTM Technologies worth $4,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its stake in TTM Technologies by 8.5% during the fourth quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock valued at $139,000 after buying an additional 442 shares in the last quarter. GAMMA Investing LLC boosted its position 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 worth $51,000 after buying an additional 443 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of TTM Technologies by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock valued at $490,000 after purchasing an additional 602 shares during the period. Pictet Asset Management Holding SA increased its holdings in TTM Technologies by 8.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company's stock worth $288,000 after buying an additional 940 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in TTM Technologies by 6.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock valued at $423,000 after purchasing an additional 1,000 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the business's stock in a transaction that occurred 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 in the company, valued at $2,245,859.46. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Philip Titterton sold 24,792 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares in the company, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,628 shares of company stock worth $1,311,482. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Trading Up 1.9 %

TTMI traded up $0.49 on Wednesday, hitting $25.62. The company had a trading volume of 209,581 shares, compared to its average volume of 759,675. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $30.41. The business's fifty day simple moving average is $20.97 and its 200 day simple moving average is $23.21. The company has a market cap of $2.60 billion, a PE ratio of 47.34 and a beta of 1.20.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The company had revenue of $648.67 million during the quarter, compared to analysts' expectations of $621.44 million. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. The firm's revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. Equities research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on TTMI shares. Stifel Nicolaus assumed coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target for the company. B. Riley lifted their price objective on shares of TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Needham & Company LLC lifted their price target on TTM Technologies from $33.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Truist Financial cut their target price on TTM Technologies from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, May 1st.

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.