Quantbot Technologies LP Sells 25,679 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Quantbot Technologies LP trimmed its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 55.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,735 shares of the technology company’s stock after selling 25,679 shares during the period. Quantbot Technologies LP’s holdings in TTM Technologies were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TTMI. Jane Street Group LLC increased its holdings in shares of TTM Technologies by 75.6% in the 3rd 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. Victory Capital Management Inc. increased its stake in TTM Technologies by 391.6% in the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after acquiring an additional 781,058 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in TTM Technologies by 33.1% during 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 in the last quarter. Principal Financial Group Inc. raised its position in TTM Technologies by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company’s stock valued at $12,238,000 after purchasing an additional 13,918 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after purchasing an additional 30,738 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Trading Down 3.5 %

NASDAQ TTMI opened at $21.54 on Friday. The firm has a market cap of $2.19 billion, a PE ratio of 39.89 and a beta of 1.19. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The stock has a 50-day moving average of $24.21 and a 200-day moving average of $22.92. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58.

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

Wall Street Analyst Weigh In

TTMI has been the topic of a number of research reports. Stifel Nicolaus initiated coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $33.00 price objective on shares of TTM Technologies in a report on Friday, March 21st.

Insider Activity at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at approximately $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, the executive vice president now directly owns 95,153 shares in the company, 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 in the last three months. 1.30% of the stock is owned by insiders.

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.