Ironwood Investment Management LLC Has $883,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Ironwood Investment Management LLC reduced its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,689 shares of the technology company's stock after selling 17,621 shares during the quarter. Ironwood Investment Management LLC's holdings in TTM Technologies were worth $883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas bought a new position in TTM Technologies in the fourth quarter worth $25,000. Quarry LP bought a new position in TTM Technologies in the third quarter worth $34,000. Smartleaf Asset Management LLC lifted 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 purchasing an additional 1,220 shares during the period. Covestor Ltd lifted its position in TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company's stock worth $36,000 after purchasing an additional 1,900 shares during the period. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 443 shares during the period. 95.79% of the stock is owned by institutional investors.

TTM Technologies Price Performance

Shares of NASDAQ TTMI traded up $0.80 during midday trading on Wednesday, reaching $22.61. 857,849 shares of the company traded hands, compared to its average volume of 708,136. The firm has a market cap of $2.30 billion, a PE ratio of 41.87 and a beta of 1.19. The stock's 50-day simple moving average is $24.57 and its 200-day simple moving average is $22.76. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on TTMI shares. Stifel Nicolaus started coverage on 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 lifted their price objective on TTM Technologies from $30.00 to $33.00 and gave the company a "buy" rating in a report on Thursday, February 6th.

Insider Activity at TTM Technologies

In related news, 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 value of $395,100.00. Following the completion of the transaction, the executive vice president now directly owns 95,153 shares of the company's stock, valued at $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares of the company's stock, valued at approximately $4,026,415.68. The trade was a 13.60 % 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 ninety days. 1.30% of the stock is owned by insiders.

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.