CS Mckee LP cut its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 12.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,250 shares of the company’s stock after selling 10,800 shares during the period. CS Mckee LP owned 0.08% of TTM Technologies worth $896,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. MSI Financial Services Inc purchased a new position in shares of TTM Technologies during the third quarter valued at about $103,000. HRS Investment Holdings LLC purchased a new position in shares of TTM Technologies during the second quarter valued at about $151,000. Airain ltd purchased a new position in shares of TTM Technologies during the third quarter valued at about $151,000. Municipal Employees Retirement System of Michigan boosted its position in shares of TTM Technologies by 1.1% in the third quarter. Municipal Employees Retirement System of Michigan now owns 14,490 shares of the company’s stock valued at $166,000 after buying an additional 160 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its position in shares of TTM Technologies by 49.4% in the third quarter. Suntrust Banks Inc. now owns 15,608 shares of the company’s stock valued at $178,000 after buying an additional 5,159 shares during the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) traded up 2.43% on Wednesday, reaching $15.57. The company had a trading volume of 2,516,817 shares. TTM Technologies, Inc. has a 52 week low of $4.67 and a 52 week high of $15.66. The company’s 50-day moving average price is $14.46 and its 200 day moving average price is $12.43. The firm has a market capitalization of $1.56 billion, a P/E ratio of 34.22 and a beta of 1.39.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, February 8th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.13. The business earned $706.50 million during the quarter, compared to the consensus estimate of $671.57 million. TTM Technologies had a return on equity of 12.58% and a net margin of 1.86%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 EPS. On average, analysts expect that TTM Technologies, Inc. will post $1.27 EPS for the current year.
Several brokerages have recently issued reports on TTMI. Zacks Investment Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Stifel Nicolaus raised their price objective on TTM Technologies from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, November 30th. TheStreet upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 23rd. Finally, Needham & Company LLC raised their price objective on TTM Technologies from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, October 27th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. TTM Technologies presently has an average rating of “Buy” and an average price target of $13.75.
In other news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $14.56, for a total transaction of $43,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Todd B. Schull sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 24th. The stock was sold at an average price of $15.00, for a total value of $150,000.00. Following the transaction, the chief financial officer now directly owns 126,385 shares of the company’s stock, valued at $1,895,775. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,666 shares of company stock valued at $293,670. Company 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). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.
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