Dimensional Fund Advisors LP Trims Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Dimensional Fund Advisors LP cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,443,065 shares of the technology company's stock after selling 296,899 shares during the period. Dimensional Fund Advisors LP owned 7.30% of TTM Technologies worth $184,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in TTM Technologies by 8.5% in the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock worth $139,000 after purchasing an additional 442 shares in the last quarter. GAMMA Investing LLC lifted its holdings in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock worth $51,000 after buying an additional 443 shares during the period. Envestnet Asset Management Inc. boosted its position in TTM Technologies by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock valued at $490,000 after acquiring an additional 602 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of TTM Technologies by 8.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company's stock worth $288,000 after acquiring an additional 940 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of TTM Technologies by 6.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock valued at $423,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 95.79% of the company's stock.

Insiders Place Their Bets

In other news, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the transaction, the senior vice president now owns 86,346 shares in the company, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the sale, the executive vice president now directly owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,817 shares of company stock valued at $1,316,006. Company insiders own 1.30% of the company's stock.

TTM Technologies Stock Down 0.1 %

NASDAQ:TTMI traded down $0.02 during trading hours on Tuesday, reaching $20.27. 95,857 shares of the company traded hands, compared to its average volume of 757,315. The business's 50-day moving average price is $21.18 and its two-hundred day moving average price is $23.10. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The stock has a market capitalization of $2.06 billion, a P/E ratio of 37.52 and a beta of 1.17.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on TTMI shares. Needham & Company LLC reiterated a "buy" rating and issued a $33.00 price objective on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus started coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target for the company.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.