JPMorgan Chase & Co. Sells 468,598 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

JPMorgan Chase & Co. lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 36.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808,150 shares of the technology company's stock after selling 468,598 shares during the quarter. JPMorgan Chase & Co. owned 0.79% of TTM Technologies worth $14,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock valued at $29,000 after buying an additional 642 shares during the period. Quarry LP bought a new position in shares of TTM Technologies during the 3rd quarter valued at approximately $34,000. Covestor Ltd increased its stake in shares of TTM Technologies by 3,220.3% during the 3rd 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 last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of TTM Technologies in the 3rd quarter worth approximately $143,000. Finally, nVerses Capital LLC purchased a new position in TTM Technologies in the third quarter valued at approximately $148,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a "buy" rating and issued a $30.00 target price (up from $26.00) on shares of TTM Technologies in a research report on Monday, December 9th.

TTM Technologies Stock Performance

Shares of NASDAQ TTMI traded down $0.24 during midday trading on Friday, hitting $24.68. The company's stock had a trading volume of 344,562 shares, compared to its average volume of 407,294. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 37.39 and a beta of 1.19. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $24.66 and a 200 day moving average price of $21.20. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $28.00.

Insider Activity at TTM Technologies

In other news, EVP Douglas L. Soder sold 19,015 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total value of $475,375.00. Following the completion of the transaction, the executive vice president now directly owns 185,478 shares in the company, valued at approximately $4,636,950. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff Jankowsky sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total transaction of $121,150.00. Following the sale, the insider now directly owns 55,273 shares in the company, valued at $1,339,264.79. This trade represents a 8.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,044 shares of company stock worth $1,163,803. Corporate insiders own 1.30% of the company's stock.

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.