Commonwealth Equity Services LLC Has $1.51 Million Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Commonwealth Equity Services LLC trimmed its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 2.6% in the fourth quarter, Holdings Channel reports. The fund owned 60,964 shares of the technology company’s stock after selling 1,596 shares during the period. Commonwealth Equity Services LLC’s holdings in TTM Technologies were worth $1,509,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Swiss National Bank increased its position in shares of TTM Technologies by 0.9% during the fourth quarter. Swiss National Bank now owns 200,500 shares of the technology company’s stock worth $4,962,000 after acquiring an additional 1,700 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in TTM Technologies in the 4th quarter worth $202,000. Raymond James Financial Inc. bought a new position in TTM Technologies during the 4th quarter worth about $3,289,000. Proficio Capital Partners LLC acquired a new stake in shares of TTM Technologies in the 4th quarter valued at about $295,000. Finally, Carrera Capital Advisors bought a new stake in shares of TTM Technologies in the fourth quarter valued at about $1,152,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Price Performance

Shares of NASDAQ 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 business has a 50-day moving average of $24.12 and a 200-day moving average of $22.98. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 38.63 and a beta of 1.19. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share 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%. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction dated 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 transaction, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 86,346 shares in the company, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,817 shares of company stock worth $1,316,006. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

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

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.