TTM Technologies, Inc. (TTMI) Position Decreased by Prudential Financial Inc.
Prudential Financial Inc. cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 996,228 shares of the technology company’s stock after selling 68,280 shares during the quarter. Prudential Financial Inc. owned about 0.98% of TTM Technologies worth $15,312,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of TTM Technologies by 9.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock worth $225,108,000 after acquiring an additional 1,133,604 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TTM Technologies by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,565,975 shares of the technology company’s stock worth $148,706,000 after acquiring an additional 75,016 shares during the last quarter. FMR LLC increased its holdings in shares of TTM Technologies by 20.1% during the 2nd quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock worth $58,842,000 after acquiring an additional 566,453 shares during the last quarter. LSV Asset Management increased its holdings in shares of TTM Technologies by 492.0% during the 2nd quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after acquiring an additional 2,084,668 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of TTM Technologies by 15.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,465,564 shares of the technology company’s stock worth $42,803,000 after acquiring an additional 336,830 shares during the last quarter.
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A number of research analysts recently weighed in on the company. 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 report on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research lowered TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. J P Morgan Chase & Co set a $22.00 price objective on TTM Technologies and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, ValuEngine lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. TTM Technologies currently has a consensus rating of “Buy” and a consensus price target of $20.50.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $14.70, for a total value of $44,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 12,000 shares of company stock worth $182,190. Insiders own 28.40% of the company’s stock.
TTM Technologies, Inc. (NASDAQ:TTMI) opened at $16.71 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. TTM Technologies, Inc. has a 1-year low of $12.76 and a 1-year high of $19.54. The company has a market capitalization of $1,701.33, a price-to-earnings ratio of 13.26 and a beta of 1.55.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The firm had revenue of $666.81 million for the quarter, compared to analyst estimates of $651.67 million. During the same period in the prior year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts predict that TTM Technologies, Inc. will post 1.08 earnings per share for the current year.
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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