Commonwealth Equity Services LLC Sells 1,596 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Commonwealth Equity Services LLC lessened its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,964 shares of the technology company’s stock after selling 1,596 shares during the quarter. Commonwealth Equity Services LLC owned 0.06% of TTM Technologies worth $1,509,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of TTM Technologies by 32.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,660 shares of the technology company’s stock valued at $523,000 after purchasing an additional 7,021 shares in the last quarter. Citigroup Inc. boosted its position in TTM Technologies by 45.1% in the third quarter. Citigroup Inc. now owns 198,707 shares of the technology company’s stock valued at $3,626,000 after buying an additional 61,745 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in TTM Technologies during the third quarter worth about $282,000. Quantbot Technologies LP acquired a new stake in shares of TTM Technologies during the third quarter worth approximately $847,000. Finally, FMR LLC raised its stake in shares of TTM Technologies by 67.0% in the third quarter. FMR LLC now owns 14,338 shares of the technology company’s stock valued at $262,000 after acquiring an additional 5,750 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Price Performance

TTMI opened at $20.86 on Friday. 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’s 50 day simple moving average is $24.12 and its 200-day simple moving average is $22.98. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The stock has a market capitalization of $2.12 billion, a P/E ratio of 38.63 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 EPS for the quarter, beating 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%. Sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $33.00 price target on shares of TTM Technologies in a research report on Friday, March 21st. Stifel Nicolaus started coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price on the stock.

Insiders Place Their Bets

In related news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,817 shares of company stock valued at $1,316,006. 1.30% of the stock is currently 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.