Glenmede Trust Co. NA Sells 11,505 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Glenmede Trust Co. NA lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 827,499 shares of the technology company’s stock after selling 11,505 shares during the period. Glenmede Trust Co. NA’s holdings in TTM Technologies were worth $15,102,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. FMR LLC boosted its stake in TTM Technologies by 67.0% in the third quarter. FMR LLC now owns 14,338 shares of the technology company’s stock valued at $262,000 after acquiring an additional 5,750 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of TTM Technologies in the 3rd quarter worth $847,000. Loomis Sayles & Co. L P grew its stake in shares of TTM Technologies by 41.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock worth $22,804,000 after purchasing an additional 367,608 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in TTM Technologies in the third quarter valued at about $282,000. Finally, Algert Global LLC lifted its stake in TTM Technologies by 48.1% in the third quarter. Algert Global LLC now owns 324,176 shares of the technology company’s stock valued at $5,916,000 after buying an additional 105,238 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on TTMI shares. Stifel Nicolaus upped their price target on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. B. Riley upped their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research note on Thursday, August 1st. Truist Financial reissued a “buy” rating and set a $24.00 price target (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Finally, Needham & Company LLC boosted their price target on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 6,400 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $23.74, for a total transaction of $151,936.00. Following the completion of the transaction, the executive vice president now owns 95,341 shares of the company’s stock, valued at $2,263,395.34. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Catherine A. Gridley sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total transaction of $125,750.00. Following the transaction, the executive vice president now directly owns 115,296 shares of the company’s stock, valued at $2,899,694.40. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,044 shares of company stock valued at $413,803 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

NASDAQ TTMI opened at $24.14 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $25.49. The business has a 50 day simple moving average of $20.89 and a 200 day simple moving average of $19.77. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 36.58 and a beta of 1.22.

TTM Technologies 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.