Strs Ohio lessened its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 11.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,900 shares of the technology company’s stock after selling 6,600 shares during the quarter. Strs Ohio owned approximately 0.05% of TTM Technologies worth $836,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of TTMI. Wellington Management Group LLP acquired a new stake in shares of TTM Technologies in the third quarter valued at about $13,051,000. Adage Capital Partners GP L.L.C. grew its position in shares of TTM Technologies by 58.3% in the third 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 purchasing an additional 525,000 shares during the period. Panagora Asset Management Inc. grew its position in shares of TTM Technologies by 103.7% in the third quarter. Panagora Asset Management Inc. now owns 346,929 shares of the technology company’s stock valued at $4,468,000 after purchasing an additional 176,619 shares during the period. SG Capital Management LLC grew its position 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 valued at $7,412,000 after purchasing an additional 147,549 shares during the period. Finally, Paradigm Capital Management Inc. NY grew its position in shares of TTM Technologies by 298.9% in the third quarter. Paradigm Capital Management Inc. NY now owns 173,500 shares of the technology company’s stock valued at $2,235,000 after purchasing an additional 130,000 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.
TTM Technologies Price Performance
TTMI opened at $14.62 on Thursday. TTM Technologies, Inc. has a twelve month low of $11.13 and a twelve month high of $16.53. The firm’s 50-day moving average price is $14.81 and its 200 day moving average price is $14.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.73 and a current ratio of 2.03.
Insiders Place Their Bets
In other TTM Technologies news, insider Tom Clapprood sold 3,500 shares of TTM Technologies stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $16.48, for a total transaction of $57,680.00. Following the transaction, the insider now directly owns 52,264 shares of the company’s stock, valued at $861,310.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by insiders.
Analysts Set New Price Targets
Separately, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 target price on shares of TTM Technologies in a research report on Wednesday, January 31st.
Check Out Our Latest Report on TTM Technologies
TTM Technologies Company 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.
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