TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,900 shares of the technology company’s stock after selling 6,600 shares during the period. Strs Ohio’s holdings in TTM Technologies were worth $836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new position in TTM Technologies during the third quarter valued at approximately $104,000. AXQ Capital LP acquired a new position in TTM Technologies during the third quarter valued at approximately $144,000. Robeco Institutional Asset Management B.V. lifted its position in TTM Technologies by 207.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company’s stock valued at $209,000 after buying an additional 10,932 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in TTM Technologies during the third quarter valued at approximately $233,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of TTM Technologies during the third quarter worth $278,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

TTM Technologies Price Performance

NASDAQ TTMI opened at $14.62 on Thursday. The company’s fifty day simple moving average is $14.81 and its 200-day simple moving average is $14.48. TTM Technologies, Inc. has a 52 week low of $11.13 and a 52 week high of $16.53. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.03 and a quick ratio of 1.73.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. The firm had revenue of $569.04 million for 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 firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, research analysts expect that TTM Technologies, Inc. will post 1.28 earnings per share for the current year.

Insider Activity at TTM Technologies

In related news, insider Tom Clapprood sold 3,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $16.48, for a total value of $57,680.00. Following the sale, the insider now directly owns 52,264 shares of the company’s stock, valued at $861,310.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

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.