LSV Asset Management Lowers Position in TTM Technologies, Inc. (NASDAQ:TTMI)

LSV Asset Management decreased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 539,503 shares of the technology company’s stock after selling 15,500 shares during the period. LSV Asset Management’s holdings in TTM Technologies were worth $8,530,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TTMI. Charles Schwab Investment Management Inc. boosted its holdings in shares of TTM Technologies by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,845,347 shares of the technology company’s stock valued at $23,768,000 after acquiring an additional 84,664 shares during the last quarter. Invesco Ltd. boosted its holdings in TTM Technologies by 2.7% in the third quarter. Invesco Ltd. now owns 1,478,467 shares of the technology company’s stock worth $19,043,000 after purchasing an additional 39,445 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in TTM Technologies by 58.3% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,425,000 shares of the technology company’s stock valued at $18,354,000 after buying an additional 525,000 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of TTM Technologies in the 3rd quarter worth $13,051,000. Finally, SG Capital Management LLC grew its holdings in shares of TTM Technologies by 34.5% in the third quarter. SG Capital Management LLC now owns 575,499 shares of the technology company’s stock worth $7,412,000 after acquiring an additional 147,549 shares during the period. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Trading Up 0.5 %

TTM Technologies stock opened at $17.59 on Wednesday. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -879.06 and a beta of 1.37. TTM Technologies, Inc. has a 12-month low of $11.14 and a 12-month high of $17.96. The firm has a 50 day moving average of $14.90 and a 200 day moving average of $14.72. The company has a current ratio of 2.09, a quick ratio of 1.77 and a debt-to-equity ratio of 0.60.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $569.04 million during the quarter, compared to analyst estimates of $572.03 million. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. TTM Technologies’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 EPS. As a group, research analysts predict that TTM Technologies, Inc. will post 1.28 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Anthony Joseph Sandeen sold 23,683 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $17.53, for a total value of $415,162.99. Following the transaction, the insider now directly owns 28,056 shares of the company’s stock, valued at approximately $491,821.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Anthony Joseph Sandeen sold 23,683 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the completion of the transaction, the insider now directly owns 28,056 shares of the company’s stock, valued at $491,821.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tom Clapprood sold 3,500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $16.48, for a total transaction of $57,680.00. Following the completion of the sale, the insider now owns 52,264 shares in the company, valued at approximately $861,310.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,642 shares of company stock worth $480,017. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on TTMI shares. Needham & Company LLC reissued a “buy” rating and issued a $19.00 target price on shares of TTM Technologies in a research report on Thursday, May 2nd. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.00 to $19.00 in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, TTM Technologies currently has an average rating of “Buy” and an average price target of $18.17.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.