First Eagle Investment Management LLC Decreases Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

First Eagle Investment Management LLC reduced its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 4.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 770,836 shares of the technology company’s stock after selling 39,505 shares during the period. First Eagle Investment Management LLC owned approximately 0.76% of TTM Technologies worth $19,078,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA purchased a new stake in shares of TTM Technologies in the 3rd quarter worth about $18,600,000. Point72 Hong Kong Ltd purchased a new stake in shares of TTM Technologies in the 3rd quarter worth about $15,314,000. Victory Capital Management Inc. boosted its position in shares of TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock worth $24,268,000 after buying an additional 781,058 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of TTM Technologies by 41.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock worth $22,804,000 after buying an additional 367,608 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of TTM Technologies in the 3rd quarter worth about $6,479,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on TTMI. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus began coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective on the stock.

Insider Buying and Selling

In related news, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the sale, the executive vice president now owns 95,153 shares of the company’s stock, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now directly owns 86,346 shares of the company’s stock, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,817 shares of company stock valued at $1,316,006. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Trading Down 3.8 %

NASDAQ TTMI opened at $21.17 on Friday. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company has a 50-day moving average of $24.82 and a 200-day moving average of $22.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The company has a market cap of $2.16 billion, a P/E ratio of 39.20 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS 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%. As a group, equities analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

About TTM Technologies

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.