TTM Technologies, Inc. (NASDAQ:TTMI) Stock Holdings Reduced by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,670 shares of the technology company’s stock after selling 2,262 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in TTM Technologies were worth $239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in TTMI. USA Financial Formulas bought a new position in TTM Technologies during the fourth quarter valued at approximately $25,000. Quarry LP bought a new position in shares of TTM Technologies during the 3rd quarter valued at $34,000. Covestor Ltd lifted its stake in shares of TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,900 shares during the last quarter. GAMMA Investing LLC boosted its holdings in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after purchasing an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in TTM Technologies during the fourth quarter worth $83,000. Institutional investors own 95.79% of the company’s stock.

Insider Transactions at TTM Technologies

In related news, SVP Dale Martin Knecht sold 3,848 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the transaction, the senior vice president now directly owns 86,346 shares in the company, valued at $2,245,859.46. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Catherine A. Gridley sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares of the company’s stock, valued at approximately $3,286,657.50. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,302 shares of company stock worth $1,453,471. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Stifel Nicolaus began coverage on TTM Technologies in a research report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price target for the company. Needham & Company LLC boosted their target price on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

TTM Technologies Stock Down 0.7 %

TTMI stock opened at $22.76 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The company has a 50-day moving average of $25.12 and a two-hundred day moving average of $22.59. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 42.15 and a beta of 1.19. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. As a group, equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current 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.