Principal Financial Group Inc. Has $8.77 Million Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Principal Financial Group Inc. decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 480,528 shares of the technology company's stock after selling 21,431 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of TTM Technologies worth $8,770,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of TTM Technologies by 262.5% during the 3rd quarter. Franklin Resources Inc. now owns 309,724 shares of the technology company's stock worth $5,937,000 after buying an additional 224,286 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in TTM Technologies by 15.5% during the third quarter. Sanctuary Advisors LLC now owns 32,247 shares of the technology company's stock worth $589,000 after acquiring an additional 4,316 shares in the last quarter. Virtu Financial LLC acquired a new position in TTM Technologies during the third quarter valued at approximately $197,000. Geode Capital Management LLC increased its position in shares of TTM Technologies by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company's stock worth $44,491,000 after purchasing an additional 30,738 shares during the last quarter. Finally, Barclays PLC increased its position in shares of TTM Technologies by 59.8% during the 3rd quarter. Barclays PLC now owns 407,524 shares of the technology company's stock worth $7,437,000 after purchasing an additional 152,456 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "buy" rating and issued a $30.00 price objective (up previously from $26.00) on shares of TTM Technologies in a report on Monday, December 9th.

TTM Technologies Stock Performance

NASDAQ:TTMI traded up $0.05 on Wednesday, hitting $24.75. The company's stock had a trading volume of 271,262 shares, compared to its average volume of 741,521. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $28.00. The firm has a market capitalization of $2.52 billion, a P/E ratio of 37.50 and a beta of 1.21. The stock has a fifty day moving average of $23.90 and a two-hundred day moving average of $20.89. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59.

Insider Buying and Selling

In other TTM Technologies news, EVP Douglas L. Soder sold 19,015 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total transaction of $475,375.00. Following the completion of the sale, the executive vice president now directly owns 185,478 shares in the company, valued at $4,636,950. This trade represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the sale, the executive vice president now owns 115,296 shares of the company's stock, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,044 shares of company stock valued at $1,163,803. 1.70% of the stock is owned by insiders.

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.