Glenmede Trust Co. NA Has $15.10 Million Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Glenmede Trust Co. NA lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 1.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 827,499 shares of the technology company’s stock after selling 11,505 shares during the quarter. Glenmede Trust Co. NA owned 0.81% of TTM Technologies worth $15,102,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of TTM Technologies by 0.5% in the first quarter. Vanguard Group Inc. now owns 13,610,120 shares of the technology company’s stock worth $212,998,000 after acquiring an additional 63,073 shares during the last quarter. American Century Companies Inc. grew its position in TTM Technologies by 88.8% in the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after purchasing an additional 695,844 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of TTM Technologies by 41.7% during the 3rd 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. Massachusetts Financial Services Co. MA acquired a new position in shares of TTM Technologies during the third quarter valued at about $18,600,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of TTM Technologies by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company’s stock valued at $16,774,000 after buying an additional 12,789 shares during the period. 95.79% of the stock is owned by institutional investors.

TTM Technologies Trading Down 0.4 %

Shares of TTMI opened at $24.14 on Friday. The stock has a 50 day simple moving average of $20.89 and a 200-day simple moving average of $19.77. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.46 billion, a PE ratio of 36.58 and a beta of 1.22. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus boosted 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 TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their price target on shares of TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Truist Financial reissued a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 6,400 shares of the business’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 value of $151,936.00. Following the transaction, the executive vice president now directly owns 95,341 shares of the company’s stock, valued at $2,263,395.34. The trade was a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff Jankowsky sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the sale, the insider now owns 55,273 shares in the company, valued at approximately $1,339,264.79. This trade represents a 8.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,044 shares of company stock worth $413,803 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

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.