First Eagle Investment Management LLC Cuts Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

First Eagle Investment Management LLC lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 770,836 shares of the technology company's stock after selling 39,505 shares during the period. First Eagle Investment Management LLC owned about 0.76% of TTM Technologies worth $19,078,000 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 boosted its position in TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after purchasing an additional 443 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in TTM Technologies by 6.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock valued at $423,000 after purchasing an additional 1,000 shares in the last quarter. USA Financial Formulas bought a new stake in TTM Technologies during the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its position in TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,220 shares in the last quarter. Finally, KBC Group NV boosted its position in TTM Technologies by 47.4% during the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company's stock valued at $109,000 after purchasing an additional 1,416 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on TTMI. Needham & Company LLC raised 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 initiated coverage on TTM Technologies in a report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target for the company.

Insider Buying and Selling

In related news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction that occurred on 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 directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company's stock, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,817 shares of company stock valued at $1,316,006 over the last quarter. 1.30% of the stock is currently owned by company insiders.

TTM Technologies Stock Down 1.4 %

NASDAQ TTMI traded down $0.32 during trading on Tuesday, hitting $21.81. The company's stock had a trading volume of 526,053 shares, compared to its average volume of 708,287. 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 company has a market cap of $2.22 billion, a PE ratio of 40.39 and a beta of 1.19. The business's 50 day simple moving average is $24.63 and its 200-day simple moving average is $22.75. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.52 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 analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

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.