Principal Financial Group Inc. lessened its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) by 0.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 688,993 shares of the technology company's stock after selling 6,039 shares during the period. Principal Financial Group Inc. owned 0.68% of TTM Technologies worth $10,211,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of TTM Technologies by 172.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,027,982 shares of the technology company's stock valued at $30,217,000 after purchasing an additional 1,284,743 shares during the period. Invesco Ltd. raised its position in shares of TTM Technologies by 19.9% in the fourth quarter. Invesco Ltd. now owns 2,125,075 shares of the technology company's stock valued at $31,663,000 after purchasing an additional 352,666 shares during the period. American Century Companies Inc. raised its position in shares of TTM Technologies by 2,199.4% in the fourth quarter. American Century Companies Inc. now owns 365,137 shares of the technology company's stock valued at $5,441,000 after purchasing an additional 349,257 shares during the period. First Trust Advisors LP raised its position in shares of TTM Technologies by 183.1% in the fourth quarter. First Trust Advisors LP now owns 302,199 shares of the technology company's stock valued at $4,502,000 after purchasing an additional 195,453 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of TTM Technologies by 5.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,897,487 shares of the technology company's stock valued at $43,172,000 after purchasing an additional 147,097 shares during the period. Institutional investors own 99.08% of the company's stock.
Get TTM Technologies alerts:TTM Technologies Stock Performance
TTM Technologies stock opened at $16.78 on Thursday. The firm's 50 day simple moving average is $13.73 and its 200 day simple moving average is $13.72. The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.71 billion, a PE ratio of 23.63 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.
Insider Buying and Selling
In other news, SVP William Kent Hardwick sold 5,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $16.29, for a total value of $81,450.00. Following the transaction, the senior vice president now owns 82,889 shares of the company's stock, valued at approximately $1,350,261.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other TTM Technologies news, VP Tony Sanchez sold 2,904 shares of the stock in a transaction on Tuesday, June 21st. The shares were 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 owns 18,446 shares of the company's stock, valued at approximately $233,710.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP William Kent Hardwick sold 5,000 shares of the company's stock in a transaction on Monday, August 8th. The stock was sold at an average price of $16.29, for a total transaction of $81,450.00. Following the completion of the transaction, the senior vice president now owns 82,889 shares of the company's stock, valued at $1,350,261.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,941 shares of company stock valued at $589,439. Company insiders own 1.10% of the company's stock.Analyst Ratings Changes
Several research firms have recently issued reports on TTMI. Needham & Company LLC boosted their price target on shares of TTM Technologies from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, August 4th. StockNews.com raised shares of TTM Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 18th.
About TTM Technologies
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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.
Further Reading
- Get a free copy of the StockNews.com research report on TTM Technologies (TTMI)
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