Bank of New York Mellon Corp cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,764,245 shares of the technology company’s stock after selling 39,818 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.73% of TTM Technologies worth $27,116,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TTMI. LSV Asset Management increased its holdings in TTM Technologies by 492.0% in the 2nd quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after acquiring an additional 2,084,668 shares during the last quarter. Vanguard Group Inc. increased its holdings in TTM Technologies by 9.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock worth $225,108,000 after acquiring an additional 1,133,604 shares during the last quarter. Tocqueville Asset Management L.P. increased its holdings in TTM Technologies by 106.7% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 2,054,648 shares of the technology company’s stock worth $31,580,000 after acquiring an additional 1,060,396 shares during the last quarter. Peregrine Capital Management LLC purchased a new stake in TTM Technologies in the 3rd quarter worth about $11,703,000. Finally, American Century Companies Inc. increased its holdings in TTM Technologies by 88.5% in the 3rd quarter. American Century Companies Inc. now owns 1,394,072 shares of the technology company’s stock worth $21,427,000 after acquiring an additional 654,379 shares during the last quarter.

Several research analysts have commented on the company. J P Morgan Chase & Co set a $22.00 target price on TTM Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a research note on Thursday, August 24th. They noted that the move was a valuation call. ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub downgraded TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.50.

TTM Technologies, Inc. (NASDAQ:TTMI) opened at $15.40 on Wednesday. TTM Technologies, Inc. has a 12 month low of $12.76 and a 12 month high of $19.54. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1,559.81, a PE ratio of 12.16 and a beta of 1.55.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The business had revenue of $666.81 million during the quarter, compared to the consensus estimate of $651.67 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. equities analysts expect that TTM Technologies, Inc. will post 1.08 earnings per share for the current year.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 9,000 shares of company stock valued at $139,320. 28.40% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this news story can be read at https://www.watchlistnews.com/ttm-technologies-inc-ttmi-shares-sold-by-bank-of-new-york-mellon-corp/1760861.html.

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.

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with Analyst Ratings Network's FREE daily email newsletter.