TTM Technologies, Inc. (NASDAQ:TTMI) Stock Holdings Lowered by Natixis Advisors LLC

Natixis Advisors LLC cut its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 39.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,031 shares of the technology company’s stock after selling 31,600 shares during the quarter. Natixis Advisors LLC’s holdings in TTM Technologies were worth $1,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTMI. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of TTM Technologies by 32.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,660 shares of the technology company’s stock valued at $523,000 after buying an additional 7,021 shares during the last quarter. Intech Investment Management LLC bought a new stake in TTM Technologies during the 3rd quarter valued at $1,703,000. Massachusetts Financial Services Co. MA acquired a new position in TTM Technologies during the 3rd quarter worth $18,600,000. Citigroup Inc. grew its stake in shares of TTM Technologies by 45.1% in the third quarter. Citigroup Inc. now owns 198,707 shares of the technology company’s stock worth $3,626,000 after purchasing an additional 61,745 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of TTM Technologies during the third quarter valued at about $282,000. 95.79% of the stock is owned by institutional investors and hedge funds.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $22.89 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $24.36 and its 200 day moving average price is $22.93. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The firm has a market cap of $2.33 billion, a P/E ratio of 42.39 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the sale, the senior vice president now directly owns 86,346 shares of the company’s stock, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the transaction, the executive vice president now owns 95,153 shares of the company’s stock, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,817 shares of company stock worth $1,316,006. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TTMI. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of TTM Technologies in a research note on Friday, March 21st.

TTM Technologies 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.