Yousif Capital Management LLC Trims Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Yousif Capital Management LLC lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,505 shares of the technology company’s stock after selling 1,060 shares during the period. Yousif Capital Management LLC’s holdings in TTM Technologies were worth $953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TTMI. Jane Street Group LLC lifted its stake in shares of TTM Technologies by 75.6% during the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after buying an additional 99,512 shares during the period. Natixis Advisors LLC lifted its stake in shares of TTM Technologies by 131.7% during the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock valued at $1,471,000 after buying an additional 45,835 shares during the period. Quantbot Technologies LP purchased a new position in TTM Technologies during the third quarter worth approximately $847,000. Geode Capital Management LLC raised its stake in TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after purchasing an additional 30,738 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in TTM Technologies by 26.4% during the third quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock worth $4,221,000 after purchasing an additional 48,346 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research report on Tuesday. They issued a “buy” rating and a $33.00 price objective for the company. Needham & Company LLC increased their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th.

TTM Technologies Trading Up 1.1 %

TTM Technologies stock opened at $26.45 on Friday. The firm’s 50-day moving average is $25.25 and its 200-day moving average is $22.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.99. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The company has a market cap of $2.70 billion, a P/E ratio of 48.98 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (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%. On average, equities analysts expect that TTM Technologies, Inc. will post 1.74 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, insider Jeff Jankowsky sold 5,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total transaction of $121,150.00. Following the completion of the transaction, the insider now directly owns 55,273 shares of the company’s stock, valued at approximately $1,339,264.79. This trade represents a 8.30 % decrease in their position. The sale was disclosed in a document filed 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 on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 60,653 shares of company stock valued at $1,525,165. 1.30% of the stock is owned by corporate insiders.

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.