Keeley Teton Advisors LLC Lowers Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Keeley Teton Advisors LLC lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,828 shares of the technology company's stock after selling 29,940 shares during the period. Keeley Teton Advisors LLC owned about 0.17% of TTM Technologies worth $4,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in shares of TTM Technologies by 532.1% in the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock valued at $48,454,000 after buying an additional 1,648,017 shares during the last quarter. Victory Capital Management Inc. grew its stake in TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock worth $24,268,000 after buying an additional 781,058 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of TTM Technologies by 50.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock valued at $37,971,000 after purchasing an additional 515,015 shares in the last quarter. Norges Bank acquired a new position in TTM Technologies during the fourth quarter worth about $8,610,000. Finally, Emerald Advisers LLC lifted its stake in TTM Technologies by 42.9% in the 4th quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company's stock valued at $26,535,000 after purchasing an additional 321,853 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

TTM Technologies Price Performance

Shares of TTMI stock traded down $0.04 during trading hours on Friday, reaching $18.65. The stock had a trading volume of 342,234 shares, compared to its average volume of 757,506. The stock's fifty day simple moving average is $21.99 and its 200 day simple moving average is $23.00. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The firm has a market capitalization of $1.90 billion, a PE ratio of 34.54 and a beta of 1.17. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58.

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 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%. On average, equities research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Transactions at TTM Technologies

In other news, EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the sale, the executive vice president now directly owns 125,206 shares in the company, valued at $3,286,657.50. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,817 shares of company stock valued at $1,316,006. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Stifel Nicolaus initiated coverage on TTM Technologies in a report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price objective for the company. Needham & Company LLC reiterated a "buy" rating and issued a $33.00 target price on shares of TTM Technologies in a report on Friday, March 21st.

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.