TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,364,904 shares of the technology company's stock after selling 29,757 shares during the quarter. Wellington Management Group LLP owned about 1.34% of TTM Technologies worth $33,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in TTM Technologies in the fourth quarter worth $25,000. Smartleaf Asset Management LLC boosted its position in shares of TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after purchasing an additional 1,220 shares in the last quarter. Quarry LP purchased a new position in TTM Technologies during the 3rd quarter worth $34,000. GAMMA Investing LLC increased its position in 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 buying an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in TTM Technologies in the fourth quarter valued at about $83,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI traded down $0.17 during trading on Friday, hitting $18.65. The stock had a trading volume of 532,736 shares, compared to its average volume of 754,183. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 34.54 and a beta of 1.17. The stock has a 50-day simple moving average of $22.70 and a two-hundred day simple moving average of $23.02.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. On average, equities research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at TTM Technologies

In related news, SVP Dale Martin Knecht sold 3,848 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now directly owns 86,346 shares of the company's stock, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly 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 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 Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $33.00 price target on shares of TTM Technologies in a research note on Friday, March 21st. Stifel Nicolaus started coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price on the stock.

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.