Quantbot Technologies LP Has $513,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Quantbot Technologies LP lowered its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 55.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,735 shares of the technology company's stock after selling 25,679 shares during the period. Quantbot Technologies LP's holdings in TTM Technologies were worth $513,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. USA Financial Formulas bought a new position in TTM Technologies in the 4th quarter valued at about $25,000. Quarry LP acquired a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC increased its stake 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 during the last quarter. GAMMA Investing LLC increased its stake in TTM Technologies by 27.7% in the fourth 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. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in TTM Technologies during the fourth quarter valued at approximately $83,000. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Buying and Selling

In other news, COO Philip Titterton sold 24,792 shares of the 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. This represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares in the company, valued at approximately $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,817 shares of company stock valued at $1,316,006 in the last three months. Insiders own 1.30% of the company's stock.

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TTM Technologies Trading Down 2.1 %

Shares of NASDAQ:TTMI traded down $0.44 during midday trading on Monday, hitting $20.42. 194,821 shares of the stock were exchanged, compared to its average volume of 745,327. The business's 50-day moving average price is $24.12 and its 200 day moving average price is $23.01. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 37.82 and a beta of 1.19. 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.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

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

TTM Technologies 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.