Yousif Capital Management LLC Decreases Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Yousif Capital Management LLC cut its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,505 shares of the technology company’s stock after selling 1,060 shares during the period. Yousif Capital Management LLC’s holdings in TTM Technologies were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after acquiring an additional 443 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in TTM Technologies by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after acquiring an additional 659 shares during the last quarter. USA Financial Formulas purchased a new stake in TTM Technologies in the fourth quarter valued at $25,000. KBC Group NV lifted its position in TTM Technologies by 47.4% in the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock valued at $109,000 after acquiring an additional 1,416 shares during the last quarter. Finally, Quarry LP purchased a new stake in TTM Technologies in the third quarter valued at $34,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Trading Up 1.1 %

NASDAQ TTMI opened at $26.45 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.99. The firm has a market cap of $2.70 billion, a PE ratio of 48.98 and a beta of 1.19. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The firm’s fifty day moving average is $25.25 and its two-hundred day moving average is $22.01.

TTM Technologies (NASDAQ:TTMI) last posted 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 net margin of 2.30% and a return on equity of 9.74%. Analysts expect that TTM Technologies, Inc. will post 1.74 earnings per share for the current year.

Insider Transactions at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the transaction, the chief operating officer now directly owns 157,528 shares in the company, 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 legal filing with the SEC, which is available through this link. Also, insider Jeff Jankowsky sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total transaction of $121,150.00. Following the transaction, the insider now owns 55,273 shares in the company, valued at $1,339,264.79. The trade was a 8.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,653 shares of company stock worth $1,525,165 over the last ninety days. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTMI has been the subject of a number of research reports. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research report on Tuesday. They issued a “buy” rating and a $33.00 price target for the company. Needham & Company LLC lifted their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.

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.