TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 4.9% in the 4th quarter, Holdings Channel reports. The fund owned 770,836 shares of the technology company’s stock after selling 39,505 shares during the period. First Eagle Investment Management LLC’s holdings in TTM Technologies were worth $19,078,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in TTM Technologies in the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its position in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,220 shares in the last quarter. Quarry LP acquired a new stake in TTM Technologies in the third quarter valued at approximately $34,000. Covestor Ltd grew its position in TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,900 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after buying an additional 443 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Stock Performance

TTM Technologies stock opened at $21.17 on Friday. The stock has a market cap of $2.16 billion, a P/E ratio of 39.20 and a beta of 1.19. 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 stock has a 50 day moving average of $24.82 and a 200-day moving average of $22.69. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTMI. Needham & Company LLC increased their target price on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Stifel Nicolaus began coverage on TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price for the company.

Insider Buying and Selling

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now directly 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 filing with the SEC, which can be accessed through this link. Also, EVP Catherine A. Gridley sold 6,000 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the sale, the executive vice president now owns 125,206 shares in the company, valued at $3,286,657.50. The trade was a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock worth $1,316,006 over the last ninety days. 1.30% of the stock is owned by insiders.

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.