TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Comerica Bank

Comerica Bank reduced its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 338,172 shares of the technology company’s stock after selling 25,609 shares during the quarter. Comerica Bank owned 0.32% of TTM Technologies worth $4,193,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of TTM Technologies by 0.7% in the 2nd quarter. BlackRock Inc. now owns 13,869,848 shares of the technology company’s stock worth $141,473,000 after acquiring an additional 98,489 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of TTM Technologies by 26.0% in the 2nd quarter. Macquarie Group Ltd. now owns 3,502,463 shares of the technology company’s stock worth $35,725,000 after acquiring an additional 722,397 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of TTM Technologies by 53.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,393,846 shares of the technology company’s stock worth $34,618,000 after acquiring an additional 1,180,469 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of TTM Technologies by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,391,228 shares of the technology company’s stock worth $14,190,000 after acquiring an additional 52,909 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its holdings in shares of TTM Technologies by 2.9% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 1,316,800 shares of the technology company’s stock worth $13,431,000 after acquiring an additional 37,450 shares during the last quarter.

In other TTM Technologies news, EVP Tai Keung Chung sold 29,839 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $10.58, for a total value of $315,696.62. Following the sale, the executive vice president now directly owns 48,518 shares of the company’s stock, valued at approximately $513,320.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Anthony J. Princiotta sold 23,222 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.09, for a total transaction of $234,309.98. Following the completion of the sale, the insider now directly owns 51,408 shares in the company, valued at $518,706.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,939 shares of company stock worth $784,007. 6.90% of the stock is owned by insiders.

Shares of TTMI opened at $12.81 on Friday. TTM Technologies, Inc. has a fifty-two week low of $8.49 and a fifty-two week high of $13.92. The firm’s 50 day moving average price is $12.30 and its 200 day moving average price is $10.97. The company has a market cap of $1.35 billion, a P/E ratio of 9.28 and a beta of 2.51. The company has a quick ratio of 1.73, a current ratio of 1.92 and a debt-to-equity ratio of 1.18.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, October 30th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). TTM Technologies had a return on equity of 5.56% and a net margin of 2.56%. The business had revenue of $716.80 million for the quarter, compared to analysts’ expectations of $709.49 million. During the same period in the previous year, the company earned $0.50 earnings per share. TTM Technologies’s quarterly revenue was down 5.2% on a year-over-year basis. Research analysts forecast that TTM Technologies, Inc. will post 0.24 earnings per share for the current year.

TTMI has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Stifel Nicolaus upped their target price on shares of TTM Technologies from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. downgraded shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Monday, August 5th. Finally, ValuEngine raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.69.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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