Charles Schwab Investment Management Inc. Sells 24,947 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Charles Schwab Investment Management Inc. lowered its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,949,296 shares of the technology company's stock after selling 24,947 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.91% of TTM Technologies worth $48,245,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock worth $51,000 after acquiring an additional 443 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in TTM Technologies by 6.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock worth $423,000 after acquiring an additional 1,000 shares in the last quarter. USA Financial Formulas purchased a new position in TTM Technologies in the fourth quarter worth $25,000. Smartleaf Asset Management LLC grew its position in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after acquiring an additional 1,220 shares in the last quarter. Finally, KBC Group NV grew its position in TTM Technologies by 47.4% in the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company's stock worth $109,000 after acquiring an additional 1,416 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

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Insider Activity

In related news, COO Philip Titterton sold 24,792 shares of the stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Catherine A. Gridley sold 6,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares of the company's stock, valued at approximately $3,286,657.50. The trade was a 4.57 % decrease in their ownership of the stock. 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. Insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TTMI. Stifel Nicolaus began coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price for the company. Needham & Company LLC upped their target price on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th.

TTM Technologies Trading Down 1.4 %

NASDAQ TTMI traded down $0.32 during trading on Tuesday, hitting $21.81. 526,053 shares of the company's stock traded hands, compared to its average volume of 708,287. The firm has a market cap of $2.22 billion, a P/E ratio of 40.39 and a beta of 1.19. The stock has a fifty day moving average of $24.63 and a two-hundred day moving average of $22.75. 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, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, sell-side analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.