LSV Asset Management Sells 38,635 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

LSV Asset Management lowered its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 8.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 445,163 shares of the technology company’s stock after selling 38,635 shares during the quarter. LSV Asset Management owned about 0.44% of TTM Technologies worth $11,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jane Street Group LLC raised its holdings in TTM Technologies by 75.6% during the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after buying an additional 99,512 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of TTM Technologies by 391.6% during the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after acquiring an additional 781,058 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of TTM Technologies by 33.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock valued at $993,000 after acquiring an additional 9,980 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in TTM Technologies by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company’s stock worth $12,238,000 after purchasing an additional 13,918 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in TTM Technologies during the fourth quarter valued at approximately $512,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Stock Down 0.9 %

Shares of TTMI stock opened at $18.65 on Friday. The stock has a 50 day moving average of $22.70 and a 200-day moving average of $23.02. The firm has a market cap of $1.90 billion, a PE ratio of 34.54 and a beta of 1.17. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. On average, equities analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Activity at TTM Technologies

In related news, EVP Catherine A. Gridley sold 6,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares of the company’s stock, valued at $3,286,657.50. This trade represents a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock worth $1,316,006 over the last three months. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTMI. Needham & Company LLC restated a “buy” rating and issued a $33.00 price objective on shares of TTM Technologies in a research note on Friday, March 21st. Stifel Nicolaus started coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price on the stock.

TTM Technologies 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.