Fiera Capital Corp Sells 27,624 Shares of TTM Technologies, Inc. (TTMI)
Fiera Capital Corp lowered its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,242 shares of the technology company’s stock after selling 27,624 shares during the quarter. Fiera Capital Corp’s holdings in TTM Technologies were worth $5,787,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. IndexIQ Advisors LLC grew its stake in TTM Technologies by 11.4% in the second quarter. IndexIQ Advisors LLC now owns 143,059 shares of the technology company’s stock valued at $2,522,000 after purchasing an additional 14,692 shares in the last quarter. Victory Capital Management Inc. grew its stake in TTM Technologies by 47.3% in the second quarter. Victory Capital Management Inc. now owns 2,542,592 shares of the technology company’s stock valued at $44,826,000 after purchasing an additional 816,626 shares in the last quarter. First Trust Advisors LP grew its stake in TTM Technologies by 114.2% in the second quarter. First Trust Advisors LP now owns 157,741 shares of the technology company’s stock valued at $2,781,000 after purchasing an additional 84,109 shares in the last quarter. Smith Asset Management Group LP purchased a new position in TTM Technologies in the second quarter valued at about $1,722,000. Finally, Comerica Bank grew its stake in TTM Technologies by 16.4% in the second quarter. Comerica Bank now owns 271,362 shares of the technology company’s stock valued at $4,979,000 after purchasing an additional 38,208 shares in the last quarter.
In other TTM Technologies news, EVP Tai Keung Chung sold 23,345 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $18.90, for a total value of $441,220.50. Following the completion of the sale, the executive vice president now owns 50,357 shares of the company’s stock, valued at $951,747.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brian W. Barber sold 1,315 shares of the business’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $19.24, for a total value of $25,300.60. Following the completion of the sale, the chief operating officer now directly owns 76,280 shares of the company’s stock, valued at approximately $1,467,627.20. The disclosure for this sale can be found here. Insiders sold 38,635 shares of company stock valued at $729,240 in the last ninety days. Insiders own 10.10% of the company’s stock.
Shares of NASDAQ:TTMI opened at $18.65 on Friday. TTM Technologies, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $19.91. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 17.93 and a beta of 1.79. The company has a quick ratio of 1.57, a current ratio of 1.74 and a debt-to-equity ratio of 1.36.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. TTM Technologies had a return on equity of 15.85% and a net margin of 5.91%. The company had revenue of $716.89 million during the quarter, compared to analysts’ expectations of $728.97 million. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. analysts predict that TTM Technologies, Inc. will post 1.09 EPS for the current fiscal year.
About TTM Technologies
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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