Brandywine Global Investment Management LLC Sells 14,205 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Brandywine Global Investment Management LLC reduced its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,960 shares of the technology company’s stock after selling 14,205 shares during the period. Brandywine Global Investment Management LLC’s holdings in TTM Technologies were worth $7,696,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after purchasing an additional 443 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of TTM Technologies by 8.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company’s stock valued at $288,000 after acquiring an additional 940 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of TTM Technologies by 6.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company’s stock valued at $423,000 after acquiring an additional 1,000 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in TTM Technologies by 1.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,822 shares of the technology company’s stock valued at $1,542,000 after acquiring an additional 1,002 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in TTM Technologies during the 4th quarter worth approximately $25,000. 95.79% of the stock is owned by institutional investors.

TTM Technologies Trading Down 1.7 %

Shares of TTMI opened at $20.51 on Tuesday. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The company has a market capitalization of $2.08 billion, a P/E ratio of 37.98 and a beta of 1.19. 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 firm’s 50 day simple moving average is $24.01 and its 200 day simple moving average is $23.03.

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

Insider Buying and Selling at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of the firm’s 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 transaction, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Dale Martin Knecht sold 3,848 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 directly owns 86,346 shares of the company’s stock, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their position. 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 90 days. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.