Guyasuta Investment Advisors Inc. trimmed its stake in TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,450 shares of the technology company's stock after selling 2,655 shares during the period. Guyasuta Investment Advisors Inc. owned about 0.06% of TTM Technologies worth $743,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kenfarb & CO. acquired a new stake in TTM Technologies in the 4th quarter worth $30,000. Counterpoint Mutual Funds LLC grew its position in TTM Technologies by 236.9% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 6,172 shares of the technology company's stock worth $91,000 after purchasing an additional 4,340 shares during the last quarter. Captrust Financial Advisors grew its position in TTM Technologies by 21.6% in the 1st quarter. Captrust Financial Advisors now owns 12,563 shares of the technology company's stock worth $186,000 after purchasing an additional 2,230 shares during the last quarter. Profund Advisors LLC grew its position in TTM Technologies by 24.2% in the 1st quarter. Profund Advisors LLC now owns 14,475 shares of the technology company's stock worth $215,000 after purchasing an additional 2,818 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in TTM Technologies by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 15,037 shares of the technology company's stock worth $223,000 after purchasing an additional 779 shares during the last quarter. 95.83% of the stock is currently owned by institutional investors and hedge funds.
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In other TTM Technologies news, SVP William Kent Hardwick sold 5,000 shares of the business's stock in a transaction dated 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 directly owns 82,889 shares in the company, valued at $1,350,261.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other TTM Technologies news, SVP William Kent Hardwick sold 5,000 shares of the business's stock in a transaction dated 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 directly owns 82,889 shares in the company, valued at $1,350,261.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Daniel J. Weber sold 10,000 shares of the business's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $16.36, for a total transaction of $163,600.00. Following the completion of the transaction, the executive vice president now owns 84,736 shares in the company, valued at $1,386,280.96. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.
Analyst Ratings Changes
Separately, Needham & Company LLC lifted their target price 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.TTM Technologies Price Performance
Shares of TTM Technologies stock opened at $13.18 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.62 and a current ratio of 1.91. The firm's 50-day simple moving average is $15.07 and its 200-day simple moving average is $14.14. TTM Technologies, Inc. has a twelve month low of $9.76 and a twelve month high of $17.49. The firm has a market cap of $1.35 billion, a P/E ratio of 18.56 and a beta of 1.44.
TTM Technologies (NASDAQ:TTMI – Get Rating) last issued its earnings results on Wednesday, August 3rd. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.20. TTM Technologies had a net margin of 3.15% and a return on equity of 9.30%. The business had revenue of $625.55 million for the quarter, compared to analyst estimates of $599.04 million. As a group, research analysts expect that TTM Technologies, Inc. will post 1.46 EPS for the current fiscal year.
TTM Technologies Company 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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