Thrivent Financial for Lutherans Lowers Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Thrivent Financial for Lutherans lowered its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,491,598 shares of the technology company's stock after selling 151,746 shares during the period. Thrivent Financial for Lutherans owned about 5.39% of TTM Technologies worth $135,917,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of TTM Technologies by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company's stock worth $44,491,000 after acquiring an additional 30,738 shares during the period. Wellington Management Group LLP raised its position in shares of TTM Technologies by 1.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company's stock worth $25,453,000 after purchasing an additional 18,027 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of TTM Technologies by 41.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company's stock worth $22,804,000 after purchasing an additional 367,608 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of TTM Technologies during the 3rd quarter worth about $18,600,000. Finally, Victory Capital Management Inc. raised its position in shares of TTM Technologies by 391.6% during 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. Institutional investors and hedge funds own 95.79% of the company's stock.

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Insider Activity at TTM Technologies

In other news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company's stock, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now directly owns 157,528 shares of the company's stock, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,817 shares of company stock valued at $1,316,006. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Price Performance

NASDAQ TTMI traded up $0.14 during trading hours on Friday, hitting $22.77. 1,831,224 shares of the company's stock traded hands, compared to its average volume of 705,676. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The company has a market capitalization of $2.31 billion, a PE ratio of 42.17 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. The firm's 50-day moving average is $24.44 and its 200-day moving average is $22.79.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTMI. Needham & Company LLC restated a "buy" rating and set a $33.00 price target on shares of TTM Technologies in a research report on Friday. 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.

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.