Public Employees Retirement System of Ohio Sells 4,607 Shares of TTM Technologies, Inc. (TTMI)
Public Employees Retirement System of Ohio lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 11.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,393 shares of the technology company’s stock after selling 4,607 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TTM Technologies were worth $614,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TTMI. LSV Asset Management grew its holdings in TTM Technologies by 492.0% in the second quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after purchasing an additional 2,084,668 shares during the period. Vanguard Group Inc. grew its holdings in TTM Technologies by 17.4% in the first quarter. Vanguard Group Inc. now owns 11,833,440 shares of the technology company’s stock worth $190,873,000 after purchasing an additional 1,757,393 shares during the period. Dalton Greiner Hartman Maher & Co. purchased a new stake in TTM Technologies in the second quarter worth about $15,548,000. Russell Investments Group Ltd. grew its holdings in TTM Technologies by 69.0% in the second quarter. Russell Investments Group Ltd. now owns 1,669,384 shares of the technology company’s stock worth $28,981,000 after purchasing an additional 681,552 shares during the period. Finally, FMR LLC grew its holdings in TTM Technologies by 20.1% in the second quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock worth $58,842,000 after purchasing an additional 566,453 shares during the period.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at $16.62 on Friday. TTM Technologies, Inc. has a fifty-two week low of $11.76 and a fifty-two week high of $19.54. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02. The company has a market cap of $1,692.17, a P/E ratio of 13.19 and a beta of 1.55.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.32. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The firm had revenue of $666.81 million for the quarter, compared to analysts’ expectations of $651.67 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. sell-side analysts forecast that TTM Technologies, Inc. will post 1.08 EPS for the current year.
A number of equities research analysts have weighed in on TTMI shares. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective on the stock in a report on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research cut shares of 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 target on shares of TTM Technologies and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, ValuEngine cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $20.50.
In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $14.70, for a total transaction of $44,100.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 9,000 shares of company stock worth $133,980. Corporate insiders own 28.40% of the company’s stock.
TTM Technologies 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.
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