TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 230,401 shares of the technology company’s stock after selling 880 shares during the quarter. Mutual of America Capital Management LLC owned 0.23% of TTM Technologies worth $5,702,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TTMI. USA Financial Formulas acquired a new stake in TTM Technologies during the 4th quarter worth approximately $25,000. Quarry LP acquired a new stake in TTM Technologies during the 3rd quarter worth approximately $34,000. Covestor Ltd lifted its holdings in TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after buying an additional 1,900 shares in the last quarter. GAMMA Investing LLC lifted its holdings in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after buying an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $83,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTMI has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective on the stock.

TTM Technologies Trading Down 4.9 %

Shares of NASDAQ:TTMI opened at $22.93 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $25.18 and its two-hundred day moving average is $22.57. The company has a market cap of $2.34 billion, a PE ratio of 42.46 and a beta of 1.19. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results 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%. Equities analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at TTM Technologies

In related news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the sale, the executive vice president now owns 95,153 shares of the company’s stock, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,302 shares of company stock valued at $1,453,471 in the last ninety days. 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.