TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,479,136 shares of the technology company's stock after selling 238,760 shares during the period. Alliancebernstein L.P. owned approximately 1.45% of TTM Technologies worth $36,609,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in TTM Technologies in the 4th quarter valued at about $25,000. Quarry LP bought a new stake in shares of TTM Technologies in the 3rd quarter valued at about $34,000. Smartleaf Asset Management LLC raised its holdings in shares of TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,220 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after purchasing an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of TTM Technologies in the 4th quarter valued at about $83,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 sold a total of 50,817 shares of company stock valued at $1,316,006 over the last 90 days. 1.30% of the stock is owned by company insiders.

TTM Technologies Price Performance

NASDAQ:TTMI traded down $1.13 during trading hours on Thursday, reaching $18.71. 77,711 shares of the company were exchanged, compared to its average volume of 749,876. 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's 50-day moving average is $22.93 and its 200-day moving average is $23.02. The firm has a market cap of $1.90 billion, a PE ratio of 35.39 and a beta of 1.17. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41.

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

Analyst Ratings Changes

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