Sapphire Star Partners LP trimmed its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,945 shares of the technology company’s stock after selling 4,219 shares during the quarter. Sapphire Star Partners LP’s holdings in TTM Technologies were worth $199,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in shares of TTM Technologies during the second quarter worth about $306,000. Cipher Capital LP boosted its holdings in TTM Technologies by 82.5% during the second quarter. Cipher Capital LP now owns 153,790 shares of the technology company’s stock worth $2,670,000 after buying an additional 69,510 shares in the last quarter. Brighton Jones LLC purchased a new stake in TTM Technologies during the second quarter worth about $236,000. Federated Investors Inc. PA boosted its holdings in TTM Technologies by 4.2% during the second quarter. Federated Investors Inc. PA now owns 323,588 shares of the technology company’s stock worth $5,617,000 after buying an additional 13,143 shares in the last quarter. Finally, USA Financial Portformulas Corp boosted its holdings in TTM Technologies by 247.3% during the second quarter. USA Financial Portformulas Corp now owns 59,809 shares of the technology company’s stock worth $1,038,000 after buying an additional 42,586 shares in the last quarter.
Shares of TTM Technologies, Inc. (NASDAQ TTMI) traded down $0.06 during midday trading on Monday, hitting $16.56. 31,739 shares of the company’s stock traded hands, compared to its average volume of 1,035,935. TTM Technologies, Inc. has a 12 month low of $11.76 and a 12 month high of $19.54. The stock has a market capitalization of $1,692.16, a P/E ratio of 13.19 and a beta of 1.55. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $666.81 million during the quarter, compared to analyst estimates of $651.67 million. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. equities research analysts expect that TTM Technologies, Inc. will post 1.07 earnings per share for the current fiscal year.
In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $14.70, for a total value of $44,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 9,000 shares of company stock valued at $133,980. Company insiders own 28.40% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. ValuEngine downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price target on the stock in a report on Thursday, August 24th. They noted that the move was a valuation call. Finally, Needham & Company LLC raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.50.
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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