Wellington Management Group LLP Sells 29,757 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Wellington Management Group LLP cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,364,904 shares of the technology company’s stock after selling 29,757 shares during the quarter. Wellington Management Group LLP’s holdings in TTM Technologies were worth $33,781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TTMI. GAMMA Investing LLC grew its position in TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after buying an additional 443 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of TTM Technologies by 8.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company’s stock worth $288,000 after purchasing an additional 940 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of TTM Technologies by 6.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company’s stock worth $423,000 after purchasing an additional 1,000 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in TTM Technologies by 1.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,822 shares of the technology company’s stock valued at $1,542,000 after purchasing an additional 1,002 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in TTM Technologies during the fourth quarter worth about $25,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on TTMI. Needham & Company LLC reissued a “buy” rating and issued a $33.00 target price on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective on the stock.

Insider Activity

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the transaction, the chief operating officer now owns 157,528 shares of the company’s stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the sale, the senior vice president now directly owns 86,346 shares in the company, valued at $2,245,859.46. The trade was a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,817 shares of company stock worth $1,316,006. Insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

TTM Technologies stock opened at $17.78 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.81 billion, a PE ratio of 32.93 and a beta of 1.17. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The business’s 50-day moving average price is $23.50 and its two-hundred day moving average price is $23.07.

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

About TTM Technologies

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.