OxFORD Asset Management LLP Lowers Holdings in TTM Technologies, Inc. (TTMI)

OxFORD Asset Management LLP decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 65.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,083 shares of the technology company’s stock after selling 107,362 shares during the period. OxFORD Asset Management LLP owned approximately 0.06% of TTM Technologies worth $875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Riverhead Capital Management LLC grew its stake in shares of TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after acquiring an additional 2,860 shares in the last quarter. Simplex Trading LLC bought a new stake in shares of TTM Technologies in the 3rd quarter worth $120,000. Pacad Investment Ltd. bought a new stake in shares of TTM Technologies in the 2nd quarter worth $133,000. Ameritas Investment Partners Inc. grew its stake in shares of TTM Technologies by 29.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after acquiring an additional 1,852 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of TTM Technologies by 197.1% in the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after acquiring an additional 6,127 shares in the last quarter.

TTMI has been the subject of several recent analyst reports. ValuEngine lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $17.50 target price on shares of TTM Technologies in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. BidaskClub lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, SunTrust Banks started coverage on shares of TTM Technologies in a research report on Thursday, December 14th. They set a “buy” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. TTM Technologies has an average rating of “Buy” and a consensus target price of $20.38.

In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 9,000 shares of company stock valued at $143,520. 28.40% of the stock is owned by company insiders.

TTM Technologies, Inc. (NASDAQ TTMI) opened at $15.97 on Friday. The firm has a market cap of $1,681.99, a PE ratio of 23.49 and a beta of 1.55. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02. TTM Technologies, Inc. has a 1 year low of $12.76 and a 1 year high of $19.54.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The company 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 firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. equities analysts forecast that TTM Technologies, Inc. will post 1.08 EPS for the current year.

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TTM Technologies 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.

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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