TTM Technologies, Inc. (NASDAQ:TTMI) Stock Position Cut by AlphaQuest LLC

AlphaQuest LLC decreased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 93.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,286 shares of the technology company's stock after selling 35,340 shares during the period. AlphaQuest LLC's holdings in TTM Technologies were worth $57,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of TTM Technologies by 75.6% during the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company's stock worth $4,220,000 after buying an additional 99,512 shares in the last quarter. Natixis Advisors LLC increased its position in shares of TTM Technologies by 131.7% in the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company's stock worth $1,471,000 after purchasing an additional 45,835 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock worth $24,268,000 after purchasing an additional 781,058 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of TTM Technologies in the 3rd quarter valued at about $847,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of TTM Technologies by 33.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company's stock worth $993,000 after purchasing an additional 9,980 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

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TTM Technologies Stock Performance

Shares of NASDAQ TTMI traded up $0.65 during midday trading on Monday, hitting $23.42. The company's stock had a trading volume of 475,477 shares, compared to its average volume of 706,573. The firm has a market cap of $2.38 billion, a P/E ratio of 43.37 and a beta of 1.19. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The firm's fifty day moving average price is $24.44 and its 200-day moving average price is $22.85. 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 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 return on equity of 9.74% and a net margin of 2.30%. On average, sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several 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 research report on Friday.

Insider Buying and Selling

In other news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the sale, the executive vice president now owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 157,528 shares of the company's stock, valued at $4,026,415.68. This trade represents a 13.60 % 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 worth $1,316,006 in the last three months. 1.30% of the stock is owned by insiders.

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.