LSV Asset Management Has $11.02 Million Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

LSV Asset Management decreased its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,163 shares of the technology company’s stock after selling 38,635 shares during the quarter. LSV Asset Management’s holdings in TTM Technologies were worth $11,018,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in shares of TTM Technologies by 532.1% in the 4th quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock valued at $48,454,000 after purchasing an additional 1,648,017 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in TTM Technologies by 391.6% during the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after purchasing an additional 781,058 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in TTM Technologies by 50.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company’s stock valued at $37,971,000 after buying an additional 515,015 shares in the last quarter. Norges Bank bought a new stake in TTM Technologies during the fourth quarter worth about $8,610,000. Finally, Emerald Advisers LLC increased its holdings in shares of TTM Technologies by 42.9% during the fourth quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company’s stock worth $26,535,000 after buying an additional 321,853 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Insider Activity at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the transaction, the executive vice president now directly owns 95,153 shares in the company, valued at $2,506,330.02. The trade was a 13.62 % 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 ninety days. Company insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

TTMI opened at $18.65 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 stock has a market capitalization of $1.90 billion, a P/E ratio of 34.54 and a beta of 1.17. The company’s 50 day simple moving average is $22.70 and its 200-day simple moving average is $23.02. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41.

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

Analyst Ratings Changes

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

TTM Technologies Company 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.