Thrivent Financial for Lutherans Has $135.92 Million Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Thrivent Financial for Lutherans lessened its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.7% during the 4th quarter, HoldingsChannel reports. The firm owned 5,491,598 shares of the technology company’s stock after selling 151,746 shares during the quarter. Thrivent Financial for Lutherans owned about 0.05% of TTM Technologies worth $135,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC grew its holdings in TTM Technologies by 75.6% in the 3rd 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 during the last quarter. Natixis Advisors LLC raised its stake in TTM Technologies by 131.7% during the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock valued at $1,471,000 after purchasing an additional 45,835 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after purchasing an additional 781,058 shares during the period. Quantbot Technologies LP acquired a new stake in TTM Technologies in the 3rd quarter worth $847,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of TTM Technologies by 33.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock worth $993,000 after purchasing an additional 9,980 shares during the period. Institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the transaction, the chief operating officer now owns 157,528 shares in the company, valued at $4,026,415.68. This represents 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 the SEC website. Also, EVP Catherine A. Gridley sold 6,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the sale, the executive vice president now directly owns 125,206 shares in the company, valued at $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,817 shares of company stock worth $1,316,006. Insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $22.13 on Tuesday. The firm has a market cap of $2.26 billion, a PE ratio of 40.98 and a beta of 1.19. The company’s 50-day moving average price is $24.63 and its two-hundred day moving average price is $22.75. 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 announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping 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 anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.