New York State Teachers Retirement System Sells 1,191 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

New York State Teachers Retirement System cut its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,623 shares of the technology company’s stock after selling 1,191 shares during the quarter. New York State Teachers Retirement System’s holdings in TTM Technologies were worth $1,765,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wellington Management Group LLP bought a new stake in TTM Technologies during the 3rd quarter worth approximately $13,051,000. Robeco Institutional Asset Management B.V. increased its stake in TTM Technologies by 207.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company’s stock worth $209,000 after purchasing an additional 10,932 shares in the last quarter. Swiss National Bank increased its stake in TTM Technologies by 0.9% during the 3rd quarter. Swiss National Bank now owns 225,500 shares of the technology company’s stock worth $2,904,000 after purchasing an additional 2,100 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in TTM Technologies by 58.3% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,425,000 shares of the technology company’s stock worth $18,354,000 after purchasing an additional 525,000 shares in the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in TTM Technologies by 12.0% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 306,441 shares of the technology company’s stock worth $3,947,000 after purchasing an additional 32,844 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Tom Clapprood sold 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $16.48, for a total value of $57,680.00. Following the completion of the sale, the insider now owns 52,264 shares of the company’s stock, valued at approximately $861,310.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by insiders.

TTM Technologies Price Performance

Shares of TTMI opened at $14.16 on Wednesday. The stock has a market capitalization of $1.44 billion, a P/E ratio of -78.66 and a beta of 1.39. TTM Technologies, Inc. has a twelve month low of $11.13 and a twelve month high of $16.53. The company has a 50 day moving average of $14.94 and a 200-day moving average of $14.44. The company has a quick ratio of 1.73, a current ratio of 2.03 and a debt-to-equity ratio of 0.61.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $569.04 million during the quarter, compared to analysts’ expectations of $572.03 million. TTM Technologies had a negative net margin of 0.84% and a positive return on equity of 7.83%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 1.28 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and set a $19.00 target price on shares of TTM Technologies in a research note on Wednesday, January 31st.

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.