Quantbot Technologies LP Sells 25,679 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Quantbot Technologies LP cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 55.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,735 shares of the technology company’s stock after selling 25,679 shares during the period. Quantbot Technologies LP’s holdings in TTM Technologies were worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas increased its holdings in TTM Technologies by 21.9% during the 4th quarter. Teacher Retirement System of Texas now owns 76,291 shares of the technology company’s stock worth $1,888,000 after purchasing an additional 13,690 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its position in shares of TTM Technologies by 14.4% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 30,751 shares of the technology company’s stock valued at $761,000 after buying an additional 3,863 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of TTM Technologies during the fourth quarter valued at approximately $234,000. Swiss National Bank grew its holdings in TTM Technologies by 0.9% during the fourth quarter. Swiss National Bank now owns 200,500 shares of the technology company’s stock worth $4,962,000 after buying an additional 1,700 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in TTM Technologies in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the transaction, the executive vice president now owns 95,153 shares of the company’s stock, valued at $2,506,330.02. The trade was a 13.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,817 shares of company stock valued at $1,316,006. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Down 3.5 %

Shares of NASDAQ:TTMI opened at $21.54 on Friday. The company has a market capitalization of $2.19 billion, a PE ratio of 39.89 and a beta of 1.19. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. 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 business has a fifty day moving average price of $24.21 and a two-hundred day moving average price of $22.92.

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

Wall Street Analyst Weigh In

TTMI has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price objective on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus initiated coverage on shares of 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.