Charles Schwab Investment Management Inc. Sells 24,947 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Charles Schwab Investment Management Inc. reduced its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949,296 shares of the technology company’s stock after selling 24,947 shares during the period. Charles Schwab Investment Management Inc. owned 1.91% of TTM Technologies worth $48,245,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Bailard Inc. increased its stake in TTM Technologies by 41.5% during the fourth quarter. Bailard Inc. now owns 16,700 shares of the technology company’s stock valued at $413,000 after acquiring an additional 4,900 shares during the period. Smartleaf Asset Management LLC boosted its holdings in TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,220 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of TTM Technologies in the 4th quarter worth approximately $295,000. Oppenheimer & Co. Inc. boosted its holdings in shares of TTM Technologies by 6.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company’s stock worth $423,000 after acquiring an additional 1,000 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of TTM Technologies in the 4th quarter worth approximately $83,000. 95.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, the executive vice president now directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the sale, the executive vice president now owns 125,206 shares of the company’s stock, valued at approximately $3,286,657.50. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,817 shares of company stock worth $1,316,006. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TTMI. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price for the company.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $21.83 on Friday. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 40.43 and a beta of 1.19. The business has a 50-day moving average of $24.68 and a 200-day moving average of $22.69. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 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.