First Trust Advisors LP Sells 32,481 Shares of TTM Technologies, Inc. (TTMI)
First Trust Advisors LP lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 18.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 143,003 shares of the technology company’s stock after selling 32,481 shares during the quarter. First Trust Advisors LP owned about 0.14% of TTM Technologies worth $2,483,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new stake in TTM Technologies in the first quarter worth about $101,000. Sei Investments Co. grew its holdings in TTM Technologies by 197.1% in the second quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after purchasing an additional 6,127 shares during the period. State of Alaska Department of Revenue grew its holdings in TTM Technologies by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company’s stock worth $150,000 after purchasing an additional 140 shares during the period. Eqis Capital Management Inc. purchased a new stake in TTM Technologies in the first quarter worth about $167,000. Finally, LS Investment Advisors LLC grew its holdings in TTM Technologies by 245.4% in the first quarter. LS Investment Advisors LLC now owns 10,950 shares of the technology company’s stock worth $177,000 after purchasing an additional 7,780 shares during the period. Institutional investors and hedge funds own 95.16% of the company’s stock.
In related news, SVP Daniel J. Weber sold 3,605 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the transaction, the senior vice president now owns 48,270 shares in the company, valued at approximately $864,998.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.09, for a total transaction of $54,270.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,074 shares of company stock valued at $244,010. 28.40% of the stock is currently owned by company insiders.
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Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at 14.77 on Friday. TTM Technologies, Inc. has a 12-month low of $10.15 and a 12-month high of $19.54. The stock has a market cap of $1.50 billion, a PE ratio of 20.66 and a beta of 1.50. The stock’s 50 day moving average is $14.91 and its 200-day moving average is $16.29.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by $0.04. The firm had revenue of $627.20 million for the quarter, compared to the consensus estimate of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 EPS. Equities analysts expect that TTM Technologies, Inc. will post $1.53 EPS for the current year.
TTMI has been the topic of a number of recent research reports. BidaskClub upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective on the stock in a report on Thursday, August 24th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $22.00 price objective on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Needham & Company LLC upped their price objective on shares of TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. TTM Technologies presently has an average rating of “Buy” and an average target price of $20.13.
TTM Technologies Company 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). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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