TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,133 shares of the technology company’s stock after selling 63,876 shares during the quarter. Federated Hermes Inc.’s holdings in TTM Technologies were worth $2,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP acquired a new stake in shares of TTM Technologies in the third quarter worth $13,051,000. Robeco Institutional Asset Management B.V. increased its stake in shares of TTM Technologies by 207.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company’s stock worth $209,000 after acquiring an additional 10,932 shares during the period. Swiss National Bank increased its stake in shares of TTM Technologies by 0.9% in the third quarter. Swiss National Bank now owns 225,500 shares of the technology company’s stock worth $2,904,000 after acquiring an additional 2,100 shares during the period. Adage Capital Partners GP L.L.C. increased its stake in shares of TTM Technologies by 58.3% in the third 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 acquiring an additional 525,000 shares during the period. Finally, Brandywine Global Investment Management LLC grew its position in TTM Technologies by 12.0% during the third quarter. Brandywine Global Investment Management LLC now owns 306,441 shares of the technology company’s stock valued at $3,947,000 after buying an additional 32,844 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Trading Up 2.4 %

TTMI stock opened at $15.13 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.73 and a current ratio of 2.03. The firm’s fifty day moving average is $14.78 and its 200 day moving average is $14.51. TTM Technologies, Inc. has a one year low of $11.13 and a one year high of $16.53.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, insider Tom Clapprood sold 3,500 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $16.48, for a total transaction of $57,680.00. Following the transaction, the insider now directly owns 52,264 shares of the company’s stock, valued at $861,310.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.