TTM Technologies, Inc. (NASDAQ:TTMI) Stock Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,623 shares of the technology company’s stock after selling 1,191 shares during the quarter. New York State Teachers Retirement System owned 0.11% of TTM Technologies worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of TTM Technologies in the fourth quarter worth approximately $101,000. Counterpoint Mutual Funds LLC acquired a new stake in TTM Technologies in the third quarter valued at approximately $104,000. AXQ Capital LP acquired a new stake in TTM Technologies in the third quarter valued at approximately $144,000. Captrust Financial Advisors lifted its stake in TTM Technologies by 8.3% in the fourth quarter. Captrust Financial Advisors now owns 11,328 shares of the technology company’s stock valued at $171,000 after acquiring an additional 870 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in TTM Technologies by 73.1% in the second quarter. Royal Bank of Canada now owns 11,865 shares of the technology company’s stock valued at $164,000 after acquiring an additional 5,009 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Tom Clapprood sold 3,500 shares of the business’s 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 owns 52,264 shares of the company’s stock, valued at $861,310.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

TTM Technologies Price Performance

NASDAQ TTMI opened at $14.16 on Wednesday. The company has a 50 day moving average price of $14.94 and a two-hundred day moving average price 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, Inc. has a 12-month low of $11.13 and a 12-month high of $16.53. The stock has a market capitalization of $1.44 billion, a PE ratio of -78.66 and a beta of 1.39.

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

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.