UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,039 shares of the technology company's stock after selling 27,601 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of TTM Technologies worth $2,410,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. FMR LLC lifted its holdings in shares of TTM Technologies by 67.0% during the 3rd quarter. FMR LLC now owns 14,338 shares of the technology company's stock valued at $262,000 after purchasing an additional 5,750 shares in the last quarter. Quantbot Technologies LP bought a new stake in TTM Technologies in the 3rd quarter valued at approximately $847,000. Loomis Sayles & Co. L P lifted its stake in TTM Technologies by 41.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company's stock valued at $22,804,000 after acquiring an additional 367,608 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in TTM Technologies in the 3rd quarter valued at approximately $282,000. Finally, Algert Global LLC lifted its stake in TTM Technologies by 48.1% in the 3rd quarter. Algert Global LLC now owns 324,176 shares of the technology company's stock valued at $5,916,000 after acquiring an additional 105,238 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

Analysts Set New Price Targets

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

TTM Technologies Trading Up 1.0 %

Shares of TTMI traded up $0.25 during mid-day trading on Friday, reaching $25.74. 429,778 shares of the company were exchanged, compared to its average volume of 507,090. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $28.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The stock has a market capitalization of $2.62 billion, a PE ratio of 39.00 and a beta of 1.21. The business has a 50 day simple moving average of $22.46 and a two-hundred day simple moving average of $20.31.

Insider Transactions at TTM Technologies

In other TTM Technologies news, insider Jeff Jankowsky sold 5,000 shares of TTM Technologies stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the completion of the sale, the insider now directly owns 55,273 shares in the company, valued at approximately $1,339,264.79. The trade was a 8.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $23.74, for a total value of $151,936.00. Following the completion of the sale, the executive vice president now owns 95,341 shares of the company's stock, valued at approximately $2,263,395.34. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,044 shares of company stock worth $1,163,803 over the last ninety days. 1.30% 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.