Federated Hermes Inc. Sells 63,876 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Federated Hermes Inc. cut its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 168,133 shares of the technology company's stock after selling 63,876 shares during the quarter. Federated Hermes Inc. owned 0.16% of TTM Technologies worth $2,658,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of TTMI. SG Americas Securities LLC bought a new stake in shares of TTM Technologies during the 3rd quarter worth $408,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of TTM Technologies by 207.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company's stock worth $209,000 after acquiring an additional 10,932 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of TTM Technologies during the 3rd quarter worth $773,000. Strs Ohio boosted its stake in shares of TTM Technologies by 3.8% during the 3rd quarter. Strs Ohio now owns 59,500 shares of the technology company's stock worth $766,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of TTM Technologies by 5.1% during the 3rd quarter. Inspire Investing LLC now owns 23,697 shares of the technology company's stock worth $305,000 after acquiring an additional 1,150 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a "buy" rating and set a $19.00 price objective on shares of TTM Technologies in a research note on Wednesday, January 31st.

Insider Transactions at TTM Technologies

In related news, insider Tom Clapprood sold 3,500 shares of TTM Technologies stock in a transaction on Monday, February 12th. The stock was sold at an average price of $16.48, for a total transaction of $57,680.00. Following the completion of the sale, the insider now owns 52,264 shares of the company's stock, valued at $861,310.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

TTM Technologies Stock Up 2.4 %

Shares of TTM Technologies stock traded up $0.35 during midday trading on Friday, hitting $15.13. The company's stock had a trading volume of 437,579 shares, compared to its average volume of 453,006. The firm has a market capitalization of $1.54 billion, a P/E ratio of -84.05 and a beta of 1.39. The stock has a 50-day simple moving average of $14.78 and a 200-day simple moving average of $14.53. The company has a quick ratio of 1.73, a current ratio of 2.03 and a debt-to-equity ratio of 0.61. TTM Technologies, Inc. has a 1-year low of $11.13 and a 1-year high of $16.53.

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

About TTM Technologies

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.