Invesco Ltd. Has $24.83 Million Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Invesco Ltd. cut its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,003,365 shares of the technology company's stock after selling 123,867 shares during the quarter. Invesco Ltd. owned about 0.98% of TTM Technologies worth $24,833,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TTMI. Franklin Resources Inc. grew its holdings in 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 purchasing an additional 1,648,017 shares during the period. Victory Capital Management Inc. grew its position in TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock valued at $24,268,000 after acquiring an additional 781,058 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TTM Technologies by 50.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock valued at $37,971,000 after purchasing an additional 515,015 shares during the period. Norges Bank bought a new stake in shares of TTM Technologies during the 4th quarter valued at about $8,610,000. Finally, Emerald Advisers LLC increased its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Activity at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction dated 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. The trade was a 13.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Dale Martin Knecht sold 3,848 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now owns 86,346 shares in the company, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,817 shares of company stock worth $1,316,006 over the last three months. Company insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

TTM Technologies Stock Up 4.2 %

TTMI traded up $0.81 during trading on Thursday, reaching $19.92. 94,237 shares of the stock traded hands, compared to its average volume of 755,346. The stock's 50-day simple moving average is $21.54 and its two-hundred day simple moving average is $23.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 36.81 and a beta of 1.17.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its 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%. As a group, equities research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.