Dimensional Fund Advisors LP raised its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 2.2% during the first quarter, HoldingsChannel reports. The fund owned 8,141,569 shares of the technology company’s stock after acquiring an additional 175,670 shares during the quarter. Dimensional Fund Advisors LP owned about 0.08% of TTM Technologies worth $109,828,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in TTMI. Norges Bank bought a new position in shares of TTM Technologies during the fourth quarter worth about $8,662,000. Vanguard Group Inc. grew its position in shares of TTM Technologies by 4.8% in the 3rd quarter. Vanguard Group Inc. now owns 11,414,305 shares of the technology company’s stock worth $150,441,000 after acquiring an additional 519,675 shares in the last quarter. Citadel Advisors LLC grew its position in shares of TTM Technologies by 1,686.3% in the 3rd quarter. Citadel Advisors LLC now owns 533,729 shares of the technology company’s stock worth $7,035,000 after acquiring an additional 503,850 shares in the last quarter. Millennium Management LLC increased its holdings in shares of TTM Technologies by 96.3% in the 4th quarter. Millennium Management LLC now owns 868,132 shares of the technology company’s stock valued at $13,091,000 after acquiring an additional 425,936 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of TTM Technologies by 57.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,160,241 shares of the technology company’s stock valued at $15,652,000 after acquiring an additional 421,552 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.
Insider Activity at TTM Technologies
In other TTM Technologies news, EVP Shawn A. Powers sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $14.95, for a total transaction of $149,500.00. Following the completion of the transaction, the executive vice president now owns 85,807 shares in the company, valued at approximately $1,282,814.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Shawn A. Powers sold 10,000 shares of TTM Technologies stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $14.95, for a total transaction of $149,500.00. Following the sale, the executive vice president now directly owns 85,807 shares in the company, valued at $1,282,814.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Tony Sanchez sold 7,131 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $13.43, for a total transaction of $95,769.33. Following the completion of the transaction, the vice president now owns 23,256 shares of the company’s stock, valued at approximately $312,328.08. The disclosure for this sale can be found here. Insiders have sold a total of 57,163 shares of company stock worth $845,908 in the last three months. 1.30% of the stock is owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on TTMI
TTM Technologies Stock Down 1.2 %
TTM Technologies stock opened at $13.55 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.91 and a current ratio of 2.22. TTM Technologies, Inc. has a one year low of $11.13 and a one year high of $17.46. The company has a 50-day simple moving average of $14.31 and a 200-day simple moving average of $13.43. The firm has a market capitalization of $1.41 billion, a P/E ratio of 27.65 and a beta of 1.41.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.20 by $0.12. The firm had revenue of $546.51 million during the quarter, compared to analysts’ expectations of $552.52 million. TTM Technologies had a net margin of 2.12% and a return on equity of 8.78%. TTM Technologies’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, equities analysts expect that TTM Technologies, Inc. will post 0.92 earnings per share for the current year.
TTM Technologies Profile
TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale engineered 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.
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