Keeley Teton Advisors LLC Has $4.23 Million Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Keeley Teton Advisors LLC cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 170,828 shares of the technology company's stock after selling 29,940 shares during the period. Keeley Teton Advisors LLC owned approximately 0.17% of TTM Technologies worth $4,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in TTM Technologies by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company's stock valued at $44,491,000 after acquiring an additional 30,738 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock worth $48,454,000 after buying an additional 1,648,017 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in TTM Technologies by 50.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock valued at $37,971,000 after buying an additional 515,015 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in TTM Technologies by 5.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company's stock worth $32,491,000 after acquiring an additional 63,230 shares during the last quarter. Finally, Portolan Capital Management LLC grew its stake in shares of TTM Technologies by 22.6% during the 4th quarter. Portolan Capital Management LLC now owns 1,301,342 shares of the technology company's stock worth $32,208,000 after acquiring an additional 239,972 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

TTM Technologies Stock Performance

TTMI stock traded down $0.04 during mid-day trading on Friday, hitting $18.65. 342,234 shares of the company were exchanged, compared to its average volume of 757,921. 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 $1.90 billion, a PE ratio of 34.54 and a beta of 1.17. The business has a 50 day simple moving average of $21.99 and a 200-day simple moving average of $23.03. 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 (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings results 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 net margin of 2.30% and a return on equity of 9.74%. On average, equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction that occurred 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 owns 95,153 shares in the company, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Dale Martin Knecht sold 3,848 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,817 shares of company stock worth $1,316,006 in the last 90 days. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

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

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.