Royce & Associates LP lowered its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 12.7% during the first quarter, Holdings Channel reports. The fund owned 1,484,978 shares of the technology company’s stock after selling 215,700 shares during the period. Royce & Associates LP’s holdings in TTM Technologies were worth $23,953,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of TTMI. AQR Capital Management LLC boosted its position in TTM Technologies by 43.3% in the fourth quarter. AQR Capital Management LLC now owns 309,856 shares of the technology company’s stock worth $4,223,000 after buying an additional 93,683 shares during the last quarter. Russell Investments Group Ltd. bought a new position in TTM Technologies during the fourth quarter worth $9,000,000. New York State Teachers Retirement System boosted its position in TTM Technologies by 16.1% in the fourth quarter. New York State Teachers Retirement System now owns 142,670 shares of the technology company’s stock worth $1,945,000 after buying an additional 19,769 shares during the last quarter. State of Alaska Department of Revenue boosted its position in TTM Technologies by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company’s stock worth $150,000 after buying an additional 140 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in TTM Technologies during the fourth quarter worth $936,000. 80.99% of the stock is owned by hedge funds and other institutional investors.
TTM Technologies, Inc. (NASDAQ:TTMI) opened at 17.11 on Wednesday. The stock has a market cap of $1.74 billion, a PE ratio of 24.03 and a beta of 1.39. The company’s 50 day moving average is $16.35 and its 200-day moving average is $15.43. TTM Technologies, Inc. has a 52-week low of $6.93 and a 52-week high of $17.86.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. TTM Technologies had a net margin of 5.30% and a return on equity of 15.69%. The firm had revenue of $625.20 million during the quarter, compared to analyst estimates of $615 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. TTM Technologies’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that TTM Technologies, Inc. will post $1.70 earnings per share for the current year.
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A number of equities analysts recently weighed in on TTMI shares. Needham & Company LLC increased their price objective on shares of TTM Technologies from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Zacks Investment Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 10th. JPMorgan Chase & Co. cut shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Friday, February 17th. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on shares of TTM Technologies from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Finally, TheStreet cut shares of TTM Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, March 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. TTM Technologies currently has an average rating of “Buy” and a consensus target price of $18.75.
In related news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $15.55, for a total transaction of $46,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 28.40% of the company’s stock.
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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