Wedge Capital Management L L P NC Sells 973 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Wedge Capital Management L L P NC cut its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 0.7% during the 4th quarter, Holdings Channel reports. The firm owned 141,799 shares of the technology company’s stock after selling 973 shares during the quarter. Wedge Capital Management L L P NC’s holdings in TTM Technologies were worth $3,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA purchased a new position in shares of TTM Technologies during the 3rd quarter valued at $18,600,000. Point72 Hong Kong Ltd purchased a new position in shares of TTM Technologies during the third quarter worth about $15,314,000. Emerald Advisers LLC bought a new position in shares of TTM Technologies in the 3rd quarter worth $13,693,000. Emerald Mutual Fund Advisers Trust bought a new position in TTM Technologies in the third quarter valued at $10,120,000. Finally, Hood River Capital Management LLC bought a new position in shares of TTM Technologies during the 2nd quarter valued at $8,806,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $25.54 on Monday. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $24.77 and its 200 day simple moving average is $21.42. The stock has a market cap of $2.60 billion, a P/E ratio of 38.70 and a beta of 1.19. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $28.00.

Insider Activity

In other news, 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 value of $125,750.00. Following the completion of the transaction, the executive vice president now owns 115,296 shares in the company, valued at $2,899,694.40. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Douglas L. Soder sold 19,015 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $475,375.00. Following the completion of the sale, the executive vice president now directly owns 185,478 shares in the company, valued at $4,636,950. This represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,044 shares of company stock valued at $1,163,803. Corporate insiders own 1.70% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price target on shares of TTM Technologies in a research note on Tuesday, January 14th.

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.