TTM Technologies, Inc. (NASDAQ:TTMI) Position Reduced by LSV Asset Management

LSV Asset Management trimmed its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 445,163 shares of the technology company's stock after selling 38,635 shares during the quarter. LSV Asset Management owned 0.44% of TTM Technologies worth $11,018,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. USA Financial Formulas purchased a new stake in TTM Technologies during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its holdings 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 valued at $35,000 after acquiring an additional 1,220 shares in the last quarter. GAMMA Investing LLC boosted its stake in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after acquiring an additional 443 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in TTM Technologies during the 4th quarter worth $83,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of TTM Technologies in the 4th quarter worth about $89,000. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Buying and Selling

In related news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the sale, the executive vice president now directly owns 95,153 shares in the company, valued at $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $633,683.52. Following the completion of the transaction, the chief operating officer now owns 157,528 shares of the company's stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,817 shares of company stock valued at $1,316,006 in the last quarter. Company insiders own 1.30% of the company's stock.

TTM Technologies Stock Performance

TTMI traded down $0.04 on Friday, hitting $18.65. 342,234 shares of the company's stock were exchanged, compared to its average volume of 755,897. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $22.14 and a two-hundred day moving average of $23.00. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The firm has a market cap of $1.90 billion, a PE ratio of 34.54 and a beta of 1.17.

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

Analyst Ratings Changes

TTMI has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $33.00 price target on shares of TTM Technologies in a research note on Friday, March 21st. 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.

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.