Swiss National Bank Sells 24,800 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Swiss National Bank decreased its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 10.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,600 shares of the technology company’s stock after selling 24,800 shares during the period. Swiss National Bank owned about 0.20% of TTM Technologies worth $2,828,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of TTM Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 11,435,839 shares of the technology company’s stock valued at $169,479,000 after purchasing an additional 208,288 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of TTM Technologies by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,965,899 shares of the technology company’s stock valued at $120,127,000 after purchasing an additional 70,190 shares in the last quarter. State Street Corp boosted its stake in shares of TTM Technologies by 1.1% in the 3rd quarter. State Street Corp now owns 4,095,940 shares of the technology company’s stock valued at $53,984,000 after purchasing an additional 46,541 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of TTM Technologies by 8.4% in the 3rd quarter. Alliancebernstein L.P. now owns 3,540,435 shares of the technology company’s stock valued at $46,663,000 after purchasing an additional 275,805 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of TTM Technologies by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,950,571 shares of the technology company’s stock valued at $29,414,000 after purchasing an additional 57,820 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

TTM Technologies Trading Down 0.2 %

Shares of TTMI opened at $14.87 on Tuesday. The firm has a fifty day simple moving average of $14.26 and a two-hundred day simple moving average of $13.43. TTM Technologies, Inc. has a twelve month low of $11.13 and a twelve month high of $17.46. The company has a quick ratio of 1.91, a current ratio of 2.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.54 billion, a P/E ratio of 30.35 and a beta of 1.41.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.20 by $0.12. TTM Technologies had a net margin of 2.12% and a return on equity of 8.78%. The firm had revenue of $546.51 million during the quarter, compared to analysts’ expectations of $552.52 million. During the same period last year, the company posted $0.50 EPS. The company’s quarterly revenue was down 12.6% compared to the same quarter last year. On average, research analysts anticipate that TTM Technologies, Inc. will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TTMI shares. TheStreet raised shares of TTM Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, August 22nd. StockNews.com started coverage on shares of TTM Technologies in a research report on Thursday, August 17th. They set a “hold” rating for the company. Truist Financial increased their price target on shares of TTM Technologies from $12.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $17.00 price target (up previously from $15.00) on shares of TTM Technologies in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, TTM Technologies has an average rating of “Hold” and a consensus target price of $15.33.

Insider Transactions at TTM Technologies

In other news, EVP Shawn A. Powers sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $14.95, for a total value of $149,500.00. Following the completion of the sale, the executive vice president now directly owns 85,807 shares of the company’s stock, valued at approximately $1,282,814.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Shawn A. Powers sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $14.95, for a total value of $149,500.00. Following the completion of the sale, the executive vice president now directly owns 85,807 shares of the company’s stock, valued at approximately $1,282,814.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Tony Sanchez sold 7,131 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $13.43, for a total transaction of $95,769.33. Following the completion of the transaction, the vice president now owns 23,256 shares of the company’s stock, valued at $312,328.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,163 shares of company stock valued at $845,908. Company insiders own 1.30% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale engineered 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.