Phocas Financial Corp. Sells 246,868 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Phocas Financial Corp. decreased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 85.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,656 shares of the technology company's stock after selling 246,868 shares during the quarter. Phocas Financial Corp.'s holdings in TTM Technologies were worth $1,080,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of TTM Technologies by 27.7% during 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 during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of TTM Technologies by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company's stock valued at $244,000 after purchasing an additional 659 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of TTM Technologies during the 4th quarter valued at about $25,000. KBC Group NV increased its position in shares of TTM Technologies by 47.4% during the 4th quarter. KBC Group NV now owns 4,404 shares of the technology company's stock valued at $109,000 after purchasing an additional 1,416 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of TTM Technologies during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI traded up $0.01 during mid-day trading on Friday, reaching $24.11. 699,636 shares of the company traded hands, compared to its average volume of 751,232. The company's 50 day moving average price is $25.22 and its 200-day moving average price is $22.48. The firm has a market cap of $2.46 billion, a PE ratio of 44.65 and a beta of 1.19. 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 52 week low of $13.43 and a 52 week high of $30.41.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on TTMI. Needham & Company LLC upped their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Stifel Nicolaus began coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target for the company.

Insiders Place Their Bets

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company's 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 in the company, valued at $4,026,415.68. This represents a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the executive vice president now owns 95,153 shares of the company's stock, valued at $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,317 shares of company stock worth $2,053,846 in the last three months. 1.30% of the stock is owned by company insiders.

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.