Brandywine Global Investment Management LLC Has $7.70 Million Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Brandywine Global Investment Management LLC decreased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 310,960 shares of the technology company's stock after selling 14,205 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.30% of TTM Technologies worth $7,696,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TTMI. Arrowstreet Capital Limited Partnership raised its holdings in TTM Technologies by 1,327.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 308,423 shares of the technology company's stock worth $7,633,000 after purchasing an additional 286,813 shares during the period. Pictet Asset Management Holding SA increased its position in shares of TTM Technologies by 8.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company's stock valued at $288,000 after buying an additional 940 shares in the last quarter. Norges Bank acquired a new stake in TTM Technologies during the 4th quarter worth $8,610,000. Loomis Sayles & Co. L P lifted its holdings in TTM Technologies by 5.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company's stock worth $32,491,000 after acquiring an additional 63,230 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in TTM Technologies by 20.9% in the fourth quarter. JPMorgan Chase & Co. now owns 977,154 shares of the technology company's stock valued at $24,185,000 after acquiring an additional 169,004 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Stock Down 5.3 %

TTMI stock traded down $1.00 during trading hours on Friday, reaching $17.78. 775,993 shares of the stock were exchanged, compared to its average volume of 748,007. The firm's 50-day moving average is $23.50 and its 200-day moving average is $23.04. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 32.93 and a beta of 1.17. 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 (NASDAQ:TTMI - Get Free Report) 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 return on equity of 9.74% and a net margin of 2.30%. On average, equities research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price target on shares of TTM Technologies in a research report on Friday, March 21st. 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 target price on the stock.

Insider Transactions at TTM Technologies

In related news, SVP Dale Martin Knecht sold 3,848 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was 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 in the company, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the 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 transaction, the executive vice president now directly owns 95,153 shares of the company's stock, valued at $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 50,817 shares of company stock valued at $1,316,006 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

TTM Technologies 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.