TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lessened its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,345 shares of the technology company’s stock after selling 854 shares during the period. Larson Financial Group LLC’s holdings in TTM Technologies were worth $281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after buying an additional 30,738 shares during the period. Wellington Management Group LLP increased its position in TTM Technologies by 1.3% during the third quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company’s stock worth $25,453,000 after buying an additional 18,027 shares during the period. Loomis Sayles & Co. L P increased its position 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 worth $22,804,000 after buying an additional 367,608 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in TTM Technologies during the third quarter worth approximately $18,600,000. Finally, Victory Capital Management Inc. increased its position in TTM Technologies by 391.6% during the fourth 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 during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Trading Down 4.7 %

NASDAQ:TTMI opened at $21.89 on Tuesday. The firm has a market cap of $2.24 billion, a P/E ratio of 40.54 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The stock’s 50 day simple moving average is $24.92 and its 200-day simple moving average is $22.68. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41.

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

Insider Activity at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, the executive vice president now owns 95,153 shares in the company, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,317 shares of company stock worth $1,303,846 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TTMI has been the topic of several research analyst reports. Needham & Company LLC lifted their price target on 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 TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock.

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.