SEC Reporting: Learn Why Su Sih (Bvi) Ltd Just Purchased Ttm Technologies Inc Stake?

SEC Reporting: Learn Why Su Sih (Bvi) Ltd Just Purchased Ttm Technologies Inc Stake?

The New Su Sih (Bvi) Ltd Holding in Ttm Technologies Inc

Su Sih (Bvi) Ltd filed with the SEC SC 13D/A form for Ttm Technologies Inc. The form can be accessed here: 000095010316018085. As reported in Su Sih (Bvi) Ltd’s form, the filler as of late owns 13.7% or 13 shares of the Information Technology–company.

Ttm Technologies Inc stake is a new one for the and it was filed because of activity on November22, 2016. We feel this shows Su Sih (Bvi) Ltd’s positive view for the stock.

Reasons Why Su Sih (Bvi) Ltd Bought – Ttm Technologies Inc Stock

Purpose of Transaction

Item 4 of the Prior Filing is hereby amended and restated inits entirety as follows:

On November 16, 2016, Su Sih(BVI) Limited (“Su Sih”) entered into an underwriting agreement (the “Underwriting Agreement”)with the Issuer and J.P. Morgan Securities LLC, as representative of the several underwriters named in Schedule I thereto (the“Underwriters”), under which it agreed to sell to the Underwriters an aggregate of 12,000,000 Shares at a priceof $11.01125 per Share. In addition, Su Sih granted the Underwriters a 30-day option to purchase up to an additional 1,800,000Shares at a price of $11.01125 per Share. The sale of an aggregate of 13,800,000 Shares (including 1,800,000 Shares as a resultof the Underwriters’ full exercise of the 30-day option) was completed on November 22, 2016 (the “Relevant Date”).The Shares purchased by the Underwriters were offered and sold to the public pursuant to the Issuer’s registration statementon Form S-3 (File No. 333-214592) filed on November 13, 2016.

The foregoing description ofthe Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the Underwriting Agreement,a copy of which is filed herewith as Exhibit A and is incorporated into this Item 4 by reference.

Except as set forth in this Amendment,Mr. Hsiang Tang, Mr. Henry Tang, Su Sih and MML have no present plans or proposals that relate to or would result in any of thetransactions described in subparagraphs (a) through (j) of item 4 of Schedule 13D. Following the sale, Mr. Hsiang Tang and Mr.Henry Tang may from time to time review their investment and, subject to the approval of the other directors of Su Sih (as setforth in Schedule A to the Prior Filing) and in accordance with the restrictions of the Shareholders Agreement dated as of April9, 2010, as amended on September 14, 2012 (attached as Exhibit A to the Prior Filing), decide (i) to acquire additional securitiesof the Company, through open market purchases, privately negotiated transactions or otherwise, (ii) to dispose of all or a portionof the securities of the Company owned by it in the open market, in privately negotiated transactions or otherwise or (iii) totake any other available course of action, which could involve one or more of the types of transactions or have one or more ofthe results described in subparagraphs (a) through (j) of item 4 of Schedule 13D. Any such acquisition or disposition or othertransaction would be made in compliance with all applicable laws and regulations.

Item5. Interest in Securitiesof the Issuer.

Ttm Technologies Inc Institutional Sentiment

Latest Security and Exchange filings show 137 investors own Ttm Technologies Inc. The institutional ownership in Q3 2015 is high, at 64.70% of the outstanding shares. This is decreased by 7604360 the total institutional shares. 64955140 were the shares owned by these institutional investors. In total 14 funds opened new Ttm Technologies Inc stakes, 57 increased stakes. There were 41 that closed positions and 49 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Paradigm Capital Management Inc Ny, Black Diamond Capital Management L.L.C…

Needham Investment Management Llc is an institutional investor bullish on Ttm Technologies Inc, owning 312500 shares as of Q3 2015 for 0.49% of its portfolio. Paradigm Capital Management Inc owns 3342379 shares or 2.53% of its portfolio. CT Black Diamond Capital Management Llc have 20.50% of their stock portfolio for 2659968 shares. Further, Muse John R reported stake worth 13.60% of its US stock portfolio. The MA Ironwood Investment Management Llc owns 91315 shares. Ttm Technologies Inc is 0.21% of the manager’s US portfolio.

Business Profile

TTM Technologies, Inc. is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. The Company’s operating segments include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico. It serves a range of customer base, including manufacturers of networking/communications infrastructure products, smartphones and touchscreen tablets, as well as the aerospace and defense, computing and industrial/medical industries.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 3.22 in 2016 Q2. Its up 1.76, from 1.46 in 2016Q1. The ratio is positive, as 27 funds sold all TTM Technologies, Inc. shares owned while 27 reduced positions. 23 funds bought stakes while 56 increased positions. They now own 70.54 million shares or 0.69% more from 70.06 million shares in 2016Q1.

Metropolitan Life Ins Ny holds 0% or 53,307 shares in its portfolio. Clarivest Asset Management Ltd Company has invested 0.01% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Great West Life Assurance Can last reported 0% of its portfolio in the stock. Aqr Mngmt Ltd accumulated 52,545 shares or 0% of the stock. D E Shaw has invested 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI). Credit Suisse Ag, a Switzerland-based fund reported 160,982 shares. Blackrock Ltd Limited Liability Company holds 0% or 34,141 shares in its portfolio. Teachers Retirement Sys Of The State Of Kentucky holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 13,300 shares. Cornerstone Cap Hldgs Ltd Llc holds 0.01% or 142,518 shares in its portfolio. Teachers Advsrs Inc has 0.01% invested in the company for 1.13M shares. Bancshares Of Montreal Can reported 413,515 shares or 0% of all its holdings. Amer Century last reported 0% of its portfolio in the stock. Moreover, Hsbc Hldg Public Limited Liability Corp has 0% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 64,898 shares. Northern Tru Corporation last reported 792,889 shares in the company. Ameriprise holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 541,109 shares.

Insider Transactions: Since July 19, 2016, the stock had 0 insider buys, and 15 sales for $5.82 million net activity. Soder Douglas L sold $357,300 worth of stock or 30,000 shares. On Tuesday, August 16 the insider Hardwick William Kent sold $4,232. Chung Tai Keung sold $732,375 worth of TTM Technologies, Inc. (NASDAQ:TTMI) on Monday, August 1. 9,000 shares were sold by ALDER KENTON K, worth $119,831. Weber Daniel J sold 4,565 shares worth $50,215. Another trade for 31,841 shares valued at $331,493 was sold by Barber Brian W. On Tuesday, August 9 the insider Princiotta Anthony J sold $263,571.

The stock increased 3.35% or $0.44 during the last trading session, hitting $13.59. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 104.67% since April 21, 2016 and is uptrending. It has outperformed by 99.34% the S&P500.

TTM Technologies, Inc. is a manufacturer of printed circuit board products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The company has a market cap of $1.38 billion. The Firm operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. It has a 36.77 P/E ratio. The Company’s operating divisions include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico.

TTM Technologies, Inc. (NASDAQ:TTMI) Ratings Coverage

Out of 4 analysts covering TTM Tech (NASDAQ:TTMI), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. $14 is the highest target while $9 is the lowest. The $10.83 average target is -20.31% below today’s ($13.59) stock price. TTM Tech has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Stifel Nicolaus given on Monday, August 10. The firm earned “Buy” rating on Monday, January 11 by Stifel Nicolaus. The rating was downgraded by TheStreet to “Sell” on Friday, September 4. The firm has “Buy” rating by Needham given on Thursday, August 6. Needham maintained it with “Buy” rating and $14 target price in Thursday, October 27 report.

More news for TTM Technologies, Inc. (NASDAQ:TTMI) were recently published by: Fool.com, which released: “Why TTM Technologies, Inc. Is Rising Today” on October 27, 2016. Forbes.com‘s article titled: “TTM Technologies Reaches Analyst Target Price” and published on October 28, 2016 is yet another important article.

According to Zacks Investment Research, “TTM Technologies, Inc. provides time-critical, one-stop manufacturing services for highly complex printed circuit boards. Its printed circuit boards serve as the foundation of electronic products such as routers, switches, computer memory modules and communications infrastructure equipment. Its customers include manufacturers of these electronic products and their suppliers. Its customers primarily serve such rapidly growing segments of the electronics industry as networking, high-end computing, including servers, and computer peripherals.”

TTMI Company Profile

TTM Technologies, Inc., incorporated on June 21, 2005, is a maker of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Firm operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. The Company’s operating divisions include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico. The Firm serves a range of customer base in various markets, including manufacturers of networking/communications infrastructure products, smartphones and touchscreen tablets, as well as the aerospace and defense, computing and industrial/medical industries. The Company’s clients include both original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers. The Firm offers a range of PCB products, including high density interconnect (HDI) PCBs, conventional PCBs, flexible PCBs, rigid-flex PCBs, backplane assemblies and integrated circuits (IC) substrates. It also offers certain services to support its customers’ needs, which include design for manufacturability (DFM) support during new product introduction stages; PCB layout design; simulation and testing services; QTA production, and drilling and routing services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Leave a Comment