Geode Capital Management LLC Reduces Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Geode Capital Management LLC decreased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,421,025 shares of the technology company's stock after selling 16,375 shares during the period. Geode Capital Management LLC owned 2.37% of TTM Technologies worth $59,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. raised its holdings 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 worth $48,454,000 after buying an additional 1,648,017 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of TTM Technologies by 391.6% in the fourth 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. Norges Bank acquired a new stake in TTM Technologies during the 4th quarter valued at approximately $8,610,000. Emerald Advisers LLC lifted its position in TTM Technologies by 42.9% during the fourth 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 period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in TTM Technologies by 1,327.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 308,423 shares of the technology company's stock valued at $7,633,000 after purchasing an additional 286,813 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Price Performance

TTM Technologies stock traded down $0.04 during midday trading on Friday, reaching $18.65. The company had a trading volume of 342,234 shares, compared to its average volume of 755,897. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The firm's fifty day simple moving average is $22.14 and its 200-day simple moving average is $23.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The company has a market capitalization of $1.90 billion, a P/E ratio of 34.54 and a beta of 1.17.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, EVP Daniel J. Weber sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, the executive vice president now directly owns 95,153 shares in the company, valued at $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dale Martin Knecht sold 3,848 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now directly owns 86,346 shares in the company, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,817 shares of company stock worth $1,316,006. 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.