TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 36.7% during the third quarter, Holdings Channel.com reports. The fund owned 808,150 shares of the technology company’s stock after selling 468,598 shares during the quarter. JPMorgan Chase & Co.’s holdings in TTM Technologies were worth $14,749,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in shares of TTM Technologies by 75.6% in the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after purchasing an additional 99,512 shares in the last quarter. Natixis Advisors LLC lifted its position in TTM Technologies by 131.7% during the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock valued at $1,471,000 after buying an additional 45,835 shares in the last quarter. Quantbot Technologies LP acquired a new position in TTM Technologies during the third quarter valued at approximately $847,000. First Eagle Investment Management LLC grew its stake in TTM Technologies by 14.6% during the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock worth $14,080,000 after buying an additional 92,300 shares during the period. Finally, Hood River Capital Management LLC acquired a new stake in shares of TTM Technologies in the second quarter worth $8,806,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target (up from $26.00) on shares of TTM Technologies in a research report on Monday, December 9th.

TTM Technologies Stock Down 1.0 %

NASDAQ TTMI opened at $24.68 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $28.00. The business has a 50 day moving average price of $24.60 and a two-hundred day moving average price of $21.15. The stock has a market cap of $2.52 billion, a PE ratio of 37.39 and a beta of 1.19.

Insider Transactions at TTM Technologies

In related news, EVP Catherine A. Gridley sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the transaction, the executive vice president now owns 115,296 shares in the company, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Douglas L. Soder sold 5,985 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $25.00, for a total value of $149,625.00. Following the sale, the executive vice president now owns 179,493 shares of the company’s stock, valued at approximately $4,487,325. This trade represents a 3.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,044 shares of company stock valued at $1,163,803. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies 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.