TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 977,169 shares of the technology company’s stock after selling 36,101 shares during the period. Wellington Management Group LLP’s holdings in TTM Technologies were worth $15,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TTMI. Bridgeway Capital Management LLC raised its stake in shares of TTM Technologies by 4.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock valued at $14,774,000 after purchasing an additional 40,111 shares during the period. CastleKnight Management LP purchased a new stake in TTM Technologies during the 4th quarter worth $1,088,000. Campbell & CO Investment Adviser LLC acquired a new position in TTM Technologies in the 4th quarter worth $627,000. Allianz Asset Management GmbH boosted its position in TTM Technologies by 169.2% in the 4th quarter. Allianz Asset Management GmbH now owns 137,014 shares of the technology company’s stock valued at $2,166,000 after buying an additional 86,112 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of TTM Technologies during the fourth quarter valued at about $10,616,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TTM Technologies

In other TTM Technologies news, VP Tony Sanchez sold 6,940 shares of TTM Technologies stock in a transaction on Monday, June 24th. The shares were sold at an average price of $19.00, for a total value of $131,860.00. Following the completion of the transaction, the vice president now owns 21,502 shares of the company’s stock, valued at $408,538. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Anthony Joseph Sandeen sold 23,683 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $17.53, for a total value of $415,162.99. Following the sale, the insider now owns 28,056 shares of the company’s stock, valued at approximately $491,821.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Tony Sanchez sold 6,940 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $19.00, for a total value of $131,860.00. Following the transaction, the vice president now owns 21,502 shares of the company’s stock, valued at $408,538. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,721 shares of company stock valued at $1,638,819. Corporate insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TTMI shares. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.00 to $19.00 in a research note on Thursday, May 2nd. Needham & Company LLC lifted their price objective on TTM Technologies from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $18.83.

TTM Technologies Price Performance

TTMI opened at $19.57 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.77 and a current ratio of 2.09. TTM Technologies, Inc. has a 1-year low of $11.14 and a 1-year high of $20.10. The company has a 50-day moving average of $17.71 and a 200-day moving average of $15.92. The company has a market capitalization of $1.99 billion, a P/E ratio of -978.50 and a beta of 1.29.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.03. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. The firm had revenue of $570.11 million during the quarter, compared to analyst estimates of $553.01 million. Equities analysts expect that TTM Technologies, Inc. will post 1.29 EPS 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.