Arizona State Retirement System reduced its position in shares of TTM Technologies, Inc. (NASDAQ: TTMI – Get a rating) by 2.8% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The fund held 26,799 shares of the technology company after selling 763 shares during the quarter. Arizona State Retirement System’s holdings in TTM Technologies were worth $397,000 at the end of the most recent reporting period.
Several other large investors have also recently increased or reduced their stake in TTMI. Allspring Global Investments Holdings LLC purchased a new stake in shares of TTM Technologies during Q4, valued at approximately $1,327,000. New Jersey State Joint Pension Fund D purchased a new stake in TTM Technologies stock in Q4 for approximately $2,937,000. Yousif Capital Management LLC acquired a new position in TTM Technologies during Q4 worth approximately $1,424,000. Qube Research & Technologies Ltd increased its stake in TTM Technologies by 9.1% during the 4th quarter. Qube Research & Technologies Ltd now owns 67,963 shares of the technology company worth $1,013,000 after buying 5,690 additional shares in the last quarter. Finally, Cim Investment Management Inc. increased its position in TTM Technologies by 100.0% in the fourth quarter. Cim Investment Management Inc. now owns 33,214 shares of the technology company worth $456,000 after buying 16,607 additional shares during the period. 99.08% of the shares are currently held by institutional investors.
A Wall Street analyst gives his opinion
Separately, StockNews.com upgraded TTM Technologies from a “hold” to a “buy” rating in a Wednesday, May 18 research report.
In other news, COO Philip Titterton sold 7,215 shares of the company in a trade on Tuesday, June 21. The stock was sold at an average price of $12.67, for a total transaction of $91,414.05. Following the transaction, the COO now directly owns 73,950 shares of the company, valued at $936,946.50. The sale was disclosed in a filing with the Securities & Exchange Commission, available via the SEC website. In related news, VP Tony Sanchez sold 4,832 shares of TTM Technologies in a trade dated Thursday, June 23. The stock was sold at an average price of $12.13, for a total transaction of $58,612.16. Following the transaction, the vice president now directly owns 21,749 shares of the company, valued at $263,815.37. The transaction was disclosed in an SEC filing, which is available via this hyperlink. Also, COO Philip Titterton sold 7,215 shares of TTM Technologies in a trade dated Tuesday, June 21. The stock was sold at an average price of $12.67, for a total value of $91,414.05. Following the transaction, the COO now directly owns 73,950 shares of the company, valued at $936,946.50. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 27,941 shares of the company valued at $344,389. Insiders of the company own 1.10% of the shares of the company.
Price performance of TTM Technologies
Shares of NASDAQ TTMI opened at $13.51 on Thursday. The company has a market capitalization of $1.37 billion, a PE ratio of 19.30 and a beta of 1.53. The company has a debt ratio of 0.64, a current ratio of 2.44 and a quick ratio of 2.21. TTM Technologies, Inc. has a 1-year low of $9.76 and a 1-year high of $15.89. The company’s fifty-day moving average price is $13.06 and its two-hundred-day moving average price is $13.47.
TTM technologies (NASDAQ: TTMI – Get a rating) last released its quarterly results on Wednesday, May 4. The tech company reported EPS of $0.21 for the quarter, beating consensus analyst estimates of $0.20 by $0.01. The company posted revenue of $581.26 million for the quarter, versus analyst estimates of $560.37 million. TTM Technologies had a return on equity of 7.72% and a net margin of 3.25%. The company’s quarterly revenue increased by 10.4% compared to the same quarter last year. During the same period last year, the company made ($0.03) earnings per share. On average, research analysts expect TTM Technologies, Inc. to post EPS of 1.16 for the current year.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, is engaged in the manufacture and sale of printed circuit boards (PCBs) worldwide. The Company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high-density interconnect PCBs, substrate type PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF advanced ceramic RF components, multi-chip modules and beamforming and switching networks.
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