TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 977,169 shares of the technology company’s stock after selling 36,101 shares during the quarter. Wellington Management Group LLP owned 0.96% of TTM Technologies worth $15,449,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. AXQ Capital LP purchased a new position in TTM Technologies during the 3rd quarter valued at about $144,000. Versor Investments LP purchased a new position in shares of TTM Technologies in the fourth quarter valued at approximately $236,000. Dark Forest Capital Management LP purchased a new stake in TTM Technologies during the 3rd quarter worth approximately $278,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TTM Technologies by 44.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,892 shares of the technology company’s stock worth $330,000 after buying an additional 6,418 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in TTM Technologies during the 4th quarter worth approximately $337,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TTM Technologies

In other news, insider Anthony Joseph Sandeen sold 23,683 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $17.53, for a total value of $415,162.99. Following the completion of the transaction, the insider now owns 28,056 shares in the company, valued at approximately $491,821.68. The sale was disclosed in a document filed with the SEC, which is available at this link. In other TTM Technologies news, insider Douglas L. Soder sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $18.01, for a total value of $450,250.00. Following the completion of the sale, the insider now owns 239,574 shares in the company, valued at $4,314,727.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Anthony Joseph Sandeen sold 23,683 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $17.53, for a total transaction of $415,162.99. Following the transaction, the insider now owns 28,056 shares in the company, valued at $491,821.68. The disclosure for this sale can be found here. Insiders have sold 89,721 shares of company stock worth $1,638,819 over the last three months. Insiders own 1.70% of the company’s stock.

TTM Technologies Price Performance

TTM Technologies stock opened at $19.57 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.77 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $17.71 and a 200-day simple moving average of $15.92. The stock has a market cap of $1.99 billion, a P/E ratio of -978.50 and a beta of 1.29. TTM Technologies, Inc. has a 12-month low of $11.14 and a 12-month high of $20.10.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. The company had revenue of $570.11 million during the quarter, compared to the consensus estimate of $553.01 million. Equities analysts expect that TTM Technologies, Inc. will post 1.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $19.00 in a research report on Thursday, May 2nd. Needham & Company LLC upped their price target on TTM Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $18.83.

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.