Comerica Bank lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 37.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,177 shares of the technology company’s stock after selling 58,488 shares during the period. Comerica Bank owned about 0.10% of TTM Technologies worth $1,525,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverhead Capital Management LLC increased its position in TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after acquiring an additional 2,860 shares during the period. Pacad Investment Ltd. acquired a new position in TTM Technologies in the 2nd quarter valued at about $133,000. Simplex Trading LLC acquired a new position in TTM Technologies in the 3rd quarter valued at about $120,000. Ameritas Investment Partners Inc. increased its position in TTM Technologies by 29.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock valued at $141,000 after acquiring an additional 1,852 shares during the period. Finally, Sei Investments Co. increased its position in TTM Technologies by 197.1% in the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after acquiring an additional 6,127 shares during the period.
TTMI has been the topic of several recent analyst reports. Needham & Company LLC upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Monday, August 7th. Stifel Nicolaus reiterated a “buy” rating and set a $17.50 target price on shares of TTM Technologies in a research report on Wednesday, November 1st. Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. TTM Technologies currently has an average rating of “Buy” and an average price target of $20.50.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The business had revenue of $666.81 million for the quarter, compared to analyst estimates of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. research analysts expect that TTM Technologies, Inc. will post 1.08 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 Monday, October 16th. The stock was sold at an average price of $15.67, for a total transaction of $47,010.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 9,000 shares of company stock worth $139,320 in the last three months. Corporate insiders own 28.40% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.com-unik.info/2017/12/03/ttm-technologies-inc-ttmi-shares-sold-by-comerica-bank.html.
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.
Want to see what other hedge funds are holding TTMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TTM Technologies, Inc. (NASDAQ:TTMI).
What are top analysts saying about TTM Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TTM Technologies Inc. and related companies.