Meeder Asset Management Inc. reduced its holdings in TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) by 53.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,577 shares of the technology company's stock after selling 5,179 shares during the quarter. Meeder Asset Management Inc.'s holdings in TTM Technologies were worth $68,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in TTM Technologies by 2.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,408 shares of the technology company's stock worth $658,000 after acquiring an additional 1,031 shares during the last quarter. ProShare Advisors LLC increased its stake in TTM Technologies by 57.6% in the 4th quarter. ProShare Advisors LLC now owns 26,093 shares of the technology company's stock worth $388,000 after acquiring an additional 9,535 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in TTM Technologies by 4.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 62,483 shares of the technology company's stock worth $926,000 after acquiring an additional 2,787 shares during the last quarter. AXS Investments LLC bought a new position in TTM Technologies in the 4th quarter worth about $224,000. Finally, Inspire Investing LLC purchased a new position in shares of TTM Technologies in the 1st quarter worth about $237,000. 99.08% of the stock is currently owned by institutional investors.
Get TTM Technologies alerts:Analysts Set New Price Targets
TTMI has been the subject of a number of research reports. Needham & Company LLC upped their price objective on TTM Technologies from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, August 4th. StockNews.com upgraded TTM Technologies from a "hold" rating to a "buy" rating in a report on Wednesday, May 18th.
TTM Technologies Trading Down 0.8 %
Shares of TTMI stock opened at $16.38 on Tuesday. The stock has a market capitalization of $1.67 billion, a PE ratio of 23.07 and a beta of 1.53. TTM Technologies, Inc. has a 1-year low of $9.76 and a 1-year high of $17.48. The business has a 50-day moving average of $13.61 and a 200 day moving average of $13.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 1.62.Insider Activity at TTM Technologies
In related news, VP Tony Sanchez sold 2,904 shares of the stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $12.67, for a total transaction of $36,793.68. Following the completion of the sale, the vice president now directly owns 18,446 shares in the company, valued at approximately $233,710.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Tony Sanchez sold 2,904 shares of the stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $12.67, for a total transaction of $36,793.68. Following the completion of the sale, the vice president now directly owns 18,446 shares in the company, valued at approximately $233,710.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Philip Titterton sold 12,990 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $12.13, for a total value of $157,568.70. Following the sale, the chief operating officer now owns 87,196 shares of the company's stock, valued at $1,057,687.48. The disclosure for this sale can be found here. Insiders sold 42,941 shares of company stock worth $589,439 in the last ninety days. 1.10% of the stock is owned by company insiders.
TTM Technologies Profile
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TTM Technologies, Inc, together with its subsidiaries, engages 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-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.
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