TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,050,899 shares of the technology company’s stock after selling 133,176 shares during the period. Dimensional Fund Advisors LP owned approximately 7.91% of TTM Technologies worth $156,430,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of TTM Technologies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 13,610,120 shares of the technology company’s stock valued at $212,998,000 after acquiring an additional 63,073 shares during the period. American Century Companies Inc. grew its position in shares of 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 valued at $28,745,000 after acquiring an additional 695,844 shares during the period. Bridgeway Capital Management LLC grew its position in shares of TTM Technologies by 4.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock valued at $14,774,000 after acquiring an additional 40,111 shares during the period. Bank of New York Mellon Corp grew its position in shares of TTM Technologies by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company’s stock valued at $16,774,000 after acquiring an additional 12,789 shares during the period. Finally, Norges Bank acquired a new stake in shares of TTM Technologies during the 4th quarter valued at about $10,616,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTMI. Stifel Nicolaus raised their target price on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $24.00 price target (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. B. Riley raised their price target on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC raised their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $24.31.

TTM Technologies Trading Up 0.2 %

TTMI opened at $18.16 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.74. The company’s 50 day simple moving average is $19.33 and its two-hundred day simple moving average is $17.74. TTM Technologies, Inc. has a 1-year low of $11.14 and a 1-year high of $22.70. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -907.55 and a beta of 1.26.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The business had revenue of $605.10 million for the quarter, compared to analyst estimates of $582.70 million. During the same period last year, the company posted $0.28 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Analysts expect that TTM Technologies, Inc. will post 1.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, EVP Shawn A. Powers sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the transaction, the executive vice president now directly owns 101,741 shares of the company’s stock, valued at approximately $2,085,690.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the sale, the executive vice president now owns 101,741 shares of the company’s stock, valued at approximately $2,085,690.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Tony Sanchez sold 6,940 shares of TTM Technologies stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $19.00, for a total transaction of $131,860.00. Following the sale, the vice president now directly owns 21,502 shares in the company, valued at approximately $408,538. The disclosure for this sale can be found here. Insiders have sold 132,009 shares of company stock valued at $2,500,659 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

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.