TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lessened its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 93.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,286 shares of the technology company’s stock after selling 35,340 shares during the period. AlphaQuest LLC’s holdings in TTM Technologies were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after acquiring an additional 443 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in TTM Technologies by 6.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company’s stock valued at $423,000 after purchasing an additional 1,000 shares in the last quarter. USA Financial Formulas purchased a new stake in TTM Technologies in the 4th quarter valued at approximately $25,000. Smartleaf Asset Management LLC boosted its holdings in TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,220 shares in the last quarter. Finally, KBC Group NV boosted its holdings in TTM Technologies by 47.4% in the 4th quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,416 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $22.63 on Friday. The business’s 50 day simple moving average is $24.47 and its 200-day simple moving average is $22.76. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 41.91 and a beta of 1.19. 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 12 month low of $13.43 and a 12 month high of $30.41.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping 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, equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on TTM Technologies in a report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC lifted their price objective on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

Insider Transactions at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 in the company, valued at $4,026,415.68. The trade was a 13.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the transaction, the executive vice president now owns 125,206 shares of the company’s stock, valued at $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock valued at $1,316,006 in the last quarter. 1.30% of the stock is currently owned by corporate 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.