Everence Capital Management Inc. Has $317,000 Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Everence Capital Management Inc. trimmed its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 30.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,020 shares of the technology company’s stock after selling 8,740 shares during the period. Everence Capital Management Inc.’s holdings in TTM Technologies were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TTMI. Wellington Management Group LLP acquired a new stake in shares of TTM Technologies in the third quarter worth $13,051,000. Norges Bank acquired a new stake in shares of TTM Technologies in the fourth quarter worth $8,662,000. Adage Capital Partners GP L.L.C. lifted its stake in shares of TTM Technologies by 58.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,425,000 shares of the technology company’s stock worth $18,354,000 after buying an additional 525,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of TTM Technologies by 4.8% in the third quarter. Vanguard Group Inc. now owns 11,414,305 shares of the technology company’s stock worth $150,441,000 after buying an additional 519,675 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of TTM Technologies by 1,686.3% in the third quarter. Citadel Advisors LLC now owns 533,729 shares of the technology company’s stock worth $7,035,000 after buying an additional 503,850 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a “buy” rating and set a $19.00 target price on shares of TTM Technologies in a research note on Wednesday, January 31st.

TTM Technologies Stock Down 0.3 %

NASDAQ:TTMI opened at $14.07 on Friday. TTM Technologies, Inc. has a one year low of $11.13 and a one year high of $16.53. The company has a fifty day moving average price of $14.91 and a 200 day moving average price of $14.43. The company has a current ratio of 2.03, a quick ratio of 1.73 and a debt-to-equity ratio of 0.61.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $569.04 million during the quarter, compared to analysts’ expectations of $572.03 million. TTM Technologies had a negative net margin of 0.84% and a positive return on equity of 7.83%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. As a group, equities research analysts anticipate that TTM Technologies, Inc. will post 1.28 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, insider Tom Clapprood sold 3,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $16.48, for a total value of $57,680.00. Following the sale, the insider now owns 52,264 shares of the company’s stock, valued at approximately $861,310.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s 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.