Ironwood Investment Management LLC Has $883,000 Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Ironwood Investment Management LLC reduced its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 33.1% during the fourth quarter, HoldingsChannel reports. The firm owned 35,689 shares of the technology company’s stock after selling 17,621 shares during the quarter. Ironwood Investment Management LLC’s holdings in TTM Technologies were worth $883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTMI. Jane Street Group LLC grew its stake in shares of TTM Technologies by 75.6% during the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after buying an additional 99,512 shares during the last quarter. Natixis Advisors LLC grew its position in TTM Technologies by 131.7% during the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock worth $1,471,000 after acquiring an additional 45,835 shares during the last quarter. Quantbot Technologies LP acquired a new position in TTM Technologies in the 3rd quarter worth about $847,000. Allspring Global Investments Holdings LLC raised its position in TTM Technologies by 33.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock valued at $993,000 after purchasing an additional 9,980 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after purchasing an additional 781,058 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 6,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the transaction, the executive vice president now directly owns 125,206 shares in the company, valued at approximately $3,286,657.50. This represents a 4.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, 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 Stock Performance

Shares of TTMI stock opened at $21.83 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 40.43 and a beta of 1.19. The business’s 50 day simple moving average is $24.68 and its 200 day simple moving average is $22.69. 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 one year low of $13.43 and a one year high of $30.41.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating 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%. As a group, research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TTMI. Needham & Company LLC raised their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock.

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.