Illinois Municipal Retirement Fund Has $1.30 Million Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Illinois Municipal Retirement Fund trimmed its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,326 shares of the technology company’s stock after selling 5,224 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of TTM Technologies worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TTMI. Massachusetts Financial Services Co. MA acquired a new stake in TTM Technologies during the third quarter valued at approximately $18,600,000. Point72 Hong Kong Ltd acquired a new stake in TTM Technologies during the third quarter valued at approximately $15,314,000. Emerald Advisers LLC acquired a new stake in TTM Technologies during the third quarter valued at approximately $13,693,000. Emerald Mutual Fund Advisers Trust acquired a new stake in TTM Technologies during the third quarter valued at approximately $10,120,000. Finally, Loomis Sayles & Co. L P boosted its holdings in TTM Technologies by 41.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock valued at $22,804,000 after purchasing an additional 367,608 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TTMI shares. Stifel Nicolaus began coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC boosted their target price on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

Insider Buying and Selling

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company’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 owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now owns 86,346 shares of the company’s stock, valued at $2,245,859.46. The trade was a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 80,317 shares of company stock worth $2,053,846 in the last quarter. Insiders own 1.30% of the company’s stock.

TTM Technologies Stock Up 0.0 %

Shares of TTMI opened at $24.11 on Friday. The company has a market capitalization of $2.46 billion, a P/E ratio of 44.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The business’s 50 day simple moving average is $25.22 and its 200-day simple moving average is $22.51.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

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.