TTM Technologies, Inc. (TTMI) Holdings Cut by Hillsdale Investment Management Inc.
Hillsdale Investment Management Inc. lessened its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 17.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,600 shares of the technology company’s stock after selling 15,000 shares during the period. Hillsdale Investment Management Inc. owned about 0.07% of TTM Technologies worth $1,243,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ameritas Investment Partners Inc. purchased a new position in TTM Technologies during the 1st quarter valued at about $101,000. Riverhead Capital Management LLC grew its stake in TTM Technologies by 71.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after acquiring an additional 2,860 shares in the last quarter. Pacad Investment Ltd. purchased a new position in TTM Technologies during the 2nd quarter valued at about $133,000. Sei Investments Co. grew its stake in TTM Technologies by 197.1% during the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after acquiring an additional 6,127 shares in the last quarter. Finally, Sigma Planning Corp purchased a new position in TTM Technologies during the 2nd quarter valued at about $176,000. Hedge funds and other institutional investors own 95.16% of the company’s stock.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $18.43, for a total value of $55,290.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last three months, insiders sold 9,000 shares of company stock worth $142,260. 28.40% of the stock is owned by insiders.
Shares of TTM Technologies, Inc. (TTMI) traded down 0.46% during midday trading on Thursday, hitting $15.06. The company had a trading volume of 53,564 shares. TTM Technologies, Inc. has a 12-month low of $10.85 and a 12-month high of $19.54. The firm has a market capitalization of $1.53 billion, a P/E ratio of 21.06 and a beta of 1.50. The firm’s 50-day moving average is $14.12 and its 200-day moving average is $16.21.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The firm had revenue of $627.20 million during the quarter, compared to analyst estimates of $625.43 million. During the same period in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that TTM Technologies, Inc. will post $1.53 earnings per share for the current fiscal year.
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Several equities analysts have weighed in on TTMI shares. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price on the stock in a research note on Thursday, August 24th. They noted that the move was a valuation call. Zacks Investment Research cut TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, Needham & Company LLC raised TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. TTM Technologies presently has a consensus rating of “Buy” and a consensus price target of $20.13.
About TTM Technologies
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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