JPMorgan Chase & Co. Cuts Position in TTM Technologies, Inc. (NASDAQ:TTMI)

JPMorgan Chase & Co. decreased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 36.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 808,150 shares of the technology company’s stock after selling 468,598 shares during the period. JPMorgan Chase & Co. owned about 0.79% of TTM Technologies worth $14,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new stake in TTM Technologies during the 3rd quarter worth about $18,600,000. Point72 Hong Kong Ltd purchased a new position in TTM Technologies during the 3rd quarter worth approximately $15,314,000. Emerald Advisers LLC purchased a new position in TTM Technologies during the 3rd quarter worth $13,693,000. American Century Companies Inc. lifted its position in TTM Technologies by 88.8% during the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after acquiring an additional 695,844 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in TTM Technologies in the 3rd quarter valued at $10,120,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jeff Jankowsky sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the completion of the transaction, the insider now directly owns 55,273 shares in the company, valued at approximately $1,339,264.79. This represents a 8.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Douglas L. Soder sold 19,015 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total value of $475,375.00. Following the transaction, the executive vice president now owns 185,478 shares in the company, valued at $4,636,950. This trade represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,044 shares of company stock valued at $1,163,803 over the last 90 days. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target (up previously from $26.00) on shares of TTM Technologies in a report on Monday, December 9th.

TTM Technologies Trading Down 1.0 %

TTM Technologies stock opened at $24.68 on Friday. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $28.00. The stock has a market cap of $2.52 billion, a PE ratio of 37.39 and a beta of 1.19. The stock has a 50-day moving average price of $24.60 and a 200 day moving average price of $21.15. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59.

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.