Russell Investments Group Ltd. Sells 10,903 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Russell Investments Group Ltd. decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 9.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 106,432 shares of the technology company’s stock after selling 10,903 shares during the period. Russell Investments Group Ltd.’s holdings in TTM Technologies were worth $2,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. USA Financial Formulas bought a new position in TTM Technologies in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC grew its holdings in shares of TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,220 shares during the last quarter. GAMMA Investing LLC increased its stake in TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after buying an additional 443 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in TTM Technologies during the 4th quarter valued at about $83,000. Finally, Meeder Asset Management Inc. purchased a new stake in TTM Technologies in the 4th quarter valued at about $89,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TTMI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of TTM Technologies in a research report on Friday, March 21st. 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.

TTM Technologies Trading Down 0.2 %

NASDAQ:TTMI opened at $18.65 on Friday. The firm has a 50-day simple moving average of $22.14 and a 200-day simple moving average of $23.00. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The firm has a market cap of $1.90 billion, a P/E ratio of 34.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Equities analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the sale, the executive vice president now directly owns 95,153 shares of the company’s stock, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of the firm’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 sale, the chief operating officer now owns 157,528 shares in the company, valued at $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,817 shares of company stock valued at $1,316,006. Corporate 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.