Jump Financial LLC Trims Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Jump Financial LLC lessened its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 89.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,127 shares of the technology company's stock after selling 114,717 shares during the quarter. Jump Financial LLC's holdings in TTM Technologies were worth $350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTMI. Victory Capital Management Inc. raised its holdings in TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock valued at $24,268,000 after acquiring an additional 781,058 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of TTM Technologies by 33.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company's stock valued at $993,000 after buying an additional 9,980 shares during the period. Principal Financial Group Inc. increased its holdings in shares of TTM Technologies by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company's stock worth $12,238,000 after buying an additional 13,918 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in TTM Technologies in the fourth quarter worth approximately $512,000. Finally, Empowered Funds LLC grew its holdings in shares of TTM Technologies by 2.2% during the 4th quarter. Empowered Funds LLC now owns 556,986 shares of the technology company's stock worth $13,785,000 after purchasing an additional 11,776 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Up 14.4 %

TTMI stock traded up $2.89 during mid-day trading on Thursday, reaching $22.91. The company had a trading volume of 714,935 shares, compared to its average volume of 761,361. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 42.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The firm has a fifty day simple moving average of $20.96 and a 200 day simple moving average of $23.06.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The company had revenue of $648.67 million during the quarter, compared to analysts' expectations of $621.44 million. During the same quarter in the previous year, the business posted $0.28 EPS. The firm's revenue was up 13.8% on a year-over-year basis. Analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at TTM Technologies

In other news, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the transaction, the executive vice president now owns 95,153 shares in the company, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Philip Titterton sold 24,792 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now owns 157,528 shares of the company's stock, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock valued at $1,316,006 over the last quarter. 1.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TTMI has been the subject of several research analyst reports. Needham & Company LLC raised their price target on TTM Technologies from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday. Stifel Nicolaus assumed coverage on TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price for the company. Finally, B. Riley raised their price objective on shares of TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday.

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.