Vanguard Group Inc. Sells 181,386 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Vanguard Group Inc. lessened its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,585,293 shares of the technology company's stock after selling 181,386 shares during the quarter. Vanguard Group Inc. owned approximately 13.29% of TTM Technologies worth $174,979,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Citigroup Inc. increased its position in TTM Technologies by 1.9% during the first quarter. Citigroup Inc. now owns 102,360 shares of the technology company's stock worth $1,517,000 after acquiring an additional 1,893 shares during the period. MetLife Investment Management LLC raised its holdings in shares of TTM Technologies by 55.1% in the first quarter. MetLife Investment Management LLC now owns 55,710 shares of the technology company's stock valued at $826,000 after buying an additional 19,783 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of TTM Technologies by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 89,968 shares of the technology company's stock valued at $1,333,000 after purchasing an additional 11,093 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TTM Technologies by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,498,091 shares of the technology company's stock valued at $111,122,000 after buying an additional 162,694 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in shares of TTM Technologies by 31.3% in the 1st quarter. Allianz Asset Management GmbH now owns 34,334 shares of the technology company's stock valued at $509,000 after purchasing an additional 8,185 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Needham & Company LLC reiterated a "buy" rating and issued a $19.00 price target on shares of TTM Technologies in a report on Wednesday, January 31st.

Insider Activity

In related news, insider Tom Clapprood sold 3,500 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.48, for a total value of $57,680.00. Following the completion of the transaction, the insider now directly owns 52,264 shares of the company's stock, valued at approximately $861,310.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.70% of the company's stock.

TTM Technologies Price Performance

Shares of TTMI traded down $0.43 during mid-day trading on Monday, reaching $15.22. The company had a trading volume of 415,451 shares, compared to its average volume of 711,343. TTM Technologies, Inc. has a 1-year low of $11.13 and a 1-year high of $16.53. The company's 50 day simple moving average is $14.90 and its 200 day simple moving average is $14.30. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -84.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.73 and a current ratio of 2.03.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.05. TTM Technologies had a positive return on equity of 7.83% and a negative net margin of 0.84%. The business had revenue of $569.04 million for the quarter, compared to the consensus estimate of $572.03 million. During the same period in the prior year, the business earned $0.36 EPS. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. Analysts expect that TTM Technologies, Inc. will post 1.28 EPS for the current year.

TTM Technologies Company 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.