Hussman Strategic Advisors Inc. cut its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 42.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the technology company’s stock after selling 150,000 shares during the period. Hussman Strategic Advisors Inc. owned approximately 0.20% of TTM Technologies worth $3,472,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. KAMES CAPITAL plc purchased a new position in TTM Technologies during the first quarter worth approximately $1,486,000. Russell Investments Group Ltd. increased its position in TTM Technologies by 52.1% in the first quarter. Russell Investments Group Ltd. now owns 987,832 shares of the technology company’s stock worth $15,934,000 after buying an additional 338,405 shares in the last quarter. ARP Americas LLC increased its position in TTM Technologies by 30.2% in the first quarter. ARP Americas LLC now owns 16,374 shares of the technology company’s stock worth $264,000 after buying an additional 3,800 shares in the last quarter. Sapphire Star Partners LP increased its position in TTM Technologies by 9.0% in the first quarter. Sapphire Star Partners LP now owns 21,048 shares of the technology company’s stock worth $340,000 after buying an additional 1,739 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in TTM Technologies during the first quarter worth approximately $205,000. 95.16% of the stock is owned by hedge funds and other institutional investors.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at 14.01 on Tuesday. The company has a 50 day moving average price of $18.19 and a 200 day moving average price of $16.65. The company has a market cap of $1.43 billion, a P/E ratio of 19.49 and a beta of 1.46. TTM Technologies, Inc. has a one year low of $10.04 and a one year high of $19.54.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.04. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The firm had revenue of $627.20 million for the quarter, compared to the consensus estimate of $625.43 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that TTM Technologies, Inc. will post $1.53 earnings per share for the current year.
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A number of research analysts have commented on the company. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. TheStreet raised TTM Technologies from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Needham & Company LLC increased their target price on TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $17.50 target price on shares of TTM Technologies in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $19.88.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.09, for a total transaction of $54,270.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel J. Weber sold 3,605 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $17.92, for a total value of $64,601.60. Following the sale, the senior vice president now directly owns 48,270 shares in the company, valued at $864,998.40. The disclosure for this sale can be found here. Insiders have sold 14,074 shares of company stock worth $249,890 over the last ninety days. Company insiders own 28.40% of the company’s stock.
TTM Technologies Company Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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