TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 3.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 185,272 shares of the technology company’s stock after selling 7,144 shares during the period. Mutual of America Capital Management LLC’s holdings in TTM Technologies were worth $2,900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in TTM Technologies during the 3rd quarter valued at $13,051,000. Panagora Asset Management Inc. raised its stake in TTM Technologies by 36.3% during the 4th quarter. Panagora Asset Management Inc. now owns 472,739 shares of the technology company’s stock valued at $7,474,000 after purchasing an additional 125,810 shares during the period. Bridgeway Capital Management LLC raised its stake in TTM Technologies by 4.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock valued at $14,774,000 after purchasing an additional 40,111 shares during the period. Allianz Asset Management GmbH raised its stake in TTM Technologies by 169.2% during the 4th quarter. Allianz Asset Management GmbH now owns 137,014 shares of the technology company’s stock valued at $2,166,000 after purchasing an additional 86,112 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new stake in TTM Technologies during the 4th quarter valued at $809,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Stock Down 0.1 %

NASDAQ TTMI opened at $20.96 on Friday. TTM Technologies, Inc. has a 1-year low of $11.14 and a 1-year high of $21.35. The company has a quick ratio of 1.77, a current ratio of 2.09 and a debt-to-equity ratio of 0.60. The firm’s fifty day simple moving average is $18.89 and its 200-day simple moving average is $16.28.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $570.11 million for the quarter, compared to the consensus estimate of $553.01 million. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. Analysts expect that TTM Technologies, Inc. will post 1.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, insider Jeff Jankowsky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $20.04, for a total transaction of $200,400.00. Following the completion of the sale, the insider now directly owns 60,273 shares in the company, valued at $1,207,870.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TTM Technologies news, insider Jeff Jankowsky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $20.04, for a total transaction of $200,400.00. Following the completion of the sale, the insider now directly owns 60,273 shares in the company, valued at $1,207,870.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony Joseph Sandeen sold 23,683 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the sale, the insider now owns 28,056 shares of the company’s stock, valued at $491,821.68. The disclosure for this sale can be found here. Insiders have sold 124,721 shares of company stock valued at $2,339,678 over the last three months. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on TTMI. Needham & Company LLC boosted their target price on shares of TTM Technologies from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.00 to $19.00 in a research note on Thursday, May 2nd. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.83.

TTM Technologies 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.