BNP Paribas Financial Markets Sells 13,620 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

BNP Paribas Financial Markets reduced its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 18.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,189 shares of the technology company’s stock after selling 13,620 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of TTM Technologies worth $1,117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in TTM Technologies by 88.8% in the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after purchasing an additional 695,844 shares during the period. Loomis Sayles & Co. L P lifted its position in TTM Technologies by 41.7% in the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock worth $22,804,000 after purchasing an additional 367,608 shares during the period. Massachusetts Financial Services Co. MA bought a new position in TTM Technologies in the third quarter worth $18,600,000. Bank of New York Mellon Corp lifted its position in TTM Technologies by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company’s stock worth $16,774,000 after purchasing an additional 12,789 shares during the period. Finally, Emerald Advisers LLC bought a new position in TTM Technologies in the third quarter worth $13,693,000. 95.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jeff Jankowsky sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the completion of the sale, the insider now directly owns 55,273 shares in the company, valued at approximately $1,339,264.79. This trade represents a 8.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Shawn A. Powers sold 6,400 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the completion of the sale, the executive vice president now owns 95,341 shares of the company’s stock, valued at approximately $2,263,395.34. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,044 shares of company stock worth $1,163,803 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price (up from $26.00) on shares of TTM Technologies in a research report on Monday.

TTM Technologies Stock Performance

TTM Technologies stock opened at $25.18 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. The stock has a fifty day moving average price of $22.02 and a two-hundred day moving average price of $20.17. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $25.49. The firm has a market capitalization of $2.57 billion, a P/E ratio of 38.15 and a beta of 1.21.

TTM Technologies 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.