TTM Technologies, Inc. (TTMI) Position Reduced by State of Tennessee Treasury Department
State of Tennessee Treasury Department reduced its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,737 shares of the technology company’s stock after selling 4,724 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.07% of TTM Technologies worth $1,149,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Riverhead Capital Management LLC increased its position in TTM Technologies by 71.5% in the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after buying an additional 2,860 shares during the last quarter. Simplex Trading LLC purchased a new stake in TTM Technologies in the third quarter worth $120,000. Pacad Investment Ltd. purchased a new stake in TTM Technologies in the second quarter worth $133,000. Ameritas Investment Partners Inc. increased its position in TTM Technologies by 29.6% in the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after buying an additional 1,852 shares during the last quarter. Finally, Sei Investments Co. increased its position in TTM Technologies by 197.1% in the second quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after buying an additional 6,127 shares during the last quarter.
A number of research firms have issued reports on TTMI. Needham & Company LLC raised TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price for the company in a research report on Monday, August 7th. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and issued a $17.50 target price on shares of TTM Technologies in a research report on Thursday, September 28th. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $20.50.
In other news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 9,000 shares of company stock valued at $139,320. 28.40% of the stock is owned by company insiders.
TTM Technologies, Inc. (NASDAQ TTMI) opened at $17.55 on Friday. The firm has a market capitalization of $1,750.21, a price-to-earnings ratio of 13.64 and a beta of 1.55. TTM Technologies, Inc. has a 52-week low of $12.76 and a 52-week high of $19.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $666.81 million during the quarter, compared to analysts’ expectations of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. analysts anticipate that TTM Technologies, Inc. will post 1.08 EPS for the current year.
TTM Technologies Company 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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