Brandywine Global Investment Management LLC decreased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 375,290 shares of the technology company’s stock after selling 9,928 shares during the period. Brandywine Global Investment Management LLC owned about 0.37% of TTM Technologies worth $6,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TTMI. IHT Wealth Management LLC raised its stake in shares of TTM Technologies by 0.6% in the first quarter. IHT Wealth Management LLC now owns 18,766 shares of the technology company’s stock valued at $305,000 after acquiring an additional 106 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in TTM Technologies by 0.6% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 39,390 shares of the technology company’s stock worth $636,000 after buying an additional 230 shares in the last quarter. Ngam Advisors L.P. lifted its position in TTM Technologies by 1.6% during the 1st quarter. Ngam Advisors L.P. now owns 23,986 shares of the technology company’s stock worth $387,000 after buying an additional 379 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in TTM Technologies by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 34,800 shares of the technology company’s stock worth $604,000 after buying an additional 400 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in TTM Technologies by 1.2% during the 1st quarter. Arizona State Retirement System now owns 43,925 shares of the technology company’s stock worth $709,000 after buying an additional 500 shares in the last quarter. 95.16% of the stock is owned by institutional investors.

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Several equities research analysts have weighed in on the stock. BidaskClub upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Stifel Nicolaus lowered shares of TTM Technologies from a “buy” rating to a “hold” rating and upped their target price for the stock from $18.50 to $19.00 in a research report on Friday, July 28th. Needham & Company LLC increased their price target on shares of TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, June 9th. ValuEngine lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research lowered 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 assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $20.13.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $14.29, for a total value of $42,870.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 9,000 shares of company stock worth $142,260 over the last ninety days. Company insiders own 28.40% of the company’s stock.

Shares of TTM Technologies, Inc. (NASDAQ TTMI) opened at 15.48 on Wednesday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 21.65 and a beta of 1.56. TTM Technologies, Inc. has a 12-month low of $10.85 and a 12-month high of $19.54. The firm’s 50-day moving average is $14.38 and its 200-day moving average is $16.14.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company earned $0.28 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that TTM Technologies, Inc. will post $1.53 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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