TTM Technologies, Inc. (TTMI) Position Lifted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP boosted its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,767,958 shares of the technology company’s stock after buying an additional 133,379 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of TTM Technologies worth $85,312,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund purchased a new stake in TTM Technologies during the 4th quarter valued at about $35,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in TTM Technologies by 39.3% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,091 shares of the technology company’s stock valued at $91,000 after purchasing an additional 2,849 shares during the last quarter. Miles Capital Inc. purchased a new stake in TTM Technologies during the 4th quarter valued at about $101,000. CIBC Asset Management Inc purchased a new stake in TTM Technologies during the 4th quarter valued at about $120,000. Finally, Quantamental Technologies LLC purchased a new stake in TTM Technologies during the 4th quarter valued at about $141,000.
In other news, insider Philip Titterton sold 19,864 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $11.85, for a total value of $235,388.40. Following the sale, the insider now owns 61,188 shares in the company, valued at $725,077.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Tony Sanchez sold 2,323 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $12.03, for a total value of $27,945.69. Following the completion of the sale, the vice president now owns 14,276 shares in the company, valued at approximately $171,740.28. The disclosure for this sale can be found here. Insiders sold 36,786 shares of company stock worth $438,712 in the last 90 days. Company insiders own 6.90% of the company’s stock.
TTMI has been the topic of several research analyst reports. BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. ValuEngine upgraded TTM Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 24th. Finally, Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $20.67.
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TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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