TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,974,243 shares of the technology company’s stock after selling 3,502 shares during the period. Charles Schwab Investment Management Inc. owned 1.94% of TTM Technologies worth $36,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its position in shares of TTM Technologies by 88.8% in the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after purchasing an additional 695,844 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in TTM Technologies during the third quarter valued at about $18,600,000. Bank of New York Mellon Corp boosted its holdings in shares of TTM Technologies by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company’s stock worth $16,774,000 after buying an additional 12,789 shares during the period. Emerald Advisers LLC acquired a new position in shares of TTM Technologies in the third quarter worth about $13,693,000. Finally, First Eagle Investment Management LLC raised its holdings in shares of TTM Technologies by 14.6% during the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock valued at $14,080,000 after acquiring an additional 92,300 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC lifted their price objective on shares of TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st.

TTM Technologies Stock Performance

TTMI stock opened at $24.88 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $25.49. The stock has a market capitalization of $2.54 billion, a PE ratio of 36.94 and a beta of 1.22. The company has a 50 day moving average price of $21.14 and a 200 day moving average price of $19.87.

Insider Activity at TTM Technologies

In related news, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total transaction of $125,750.00. Following the completion of the sale, the executive vice president now owns 115,296 shares of the company’s stock, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $23.74, for a total transaction of $151,936.00. Following the completion of the sale, the executive vice president now owns 95,341 shares of the company’s stock, valued at $2,263,395.34. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,044 shares of company stock worth $413,803. 1.30% of the stock is owned by 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.