Cornerstone Capital Management Holdings LLC. lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 59.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,375 shares of the technology company’s stock after selling 176,860 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.12% of TTM Technologies worth $1,880,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in TTM Technologies by 16.5% in the third quarter. Royce & Associates LP now owns 1,693,949 shares of the technology company’s stock worth $26,036,000 after purchasing an additional 240,471 shares during the period. Envestnet Asset Management Inc. lifted its stake in TTM Technologies by 55.2% in the third quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock valued at $145,000 after buying an additional 3,357 shares during the last quarter. Stifel Financial Corp lifted its stake in TTM Technologies by 24.3% in the third quarter. Stifel Financial Corp now owns 807,383 shares of the technology company’s stock valued at $12,447,000 after buying an additional 157,832 shares during the last quarter. Vivaldi Asset Management LLC bought a new stake in TTM Technologies in the third quarter valued at $2,157,000. Finally, KBC Group NV lifted its stake in TTM Technologies by 61.7% in the third quarter. KBC Group NV now owns 125,196 shares of the technology company’s stock valued at $1,924,000 after buying an additional 47,776 shares during the last quarter.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $16.07, for a total transaction of $48,210.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 9,000 shares of company stock worth $143,520. Company insiders own 28.40% of the company’s stock.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) traded up $0.59 during midday trading on Friday, hitting $17.39. 1,163,737 shares of the company were exchanged, compared to its average volume of 688,635. TTM Technologies, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $19.54. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1,710.50, a PE ratio of 25.57 and a beta of 1.55.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The business had revenue of $666.81 million for the quarter, compared to analysts’ expectations of $651.67 million. During the same period in the previous year, the business earned $0.39 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. analysts expect that TTM Technologies, Inc. will post 1.08 EPS for the current year.
A number of equities research analysts have issued reports on the company. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $17.50 target price on shares of TTM Technologies in a research note on Thursday, September 28th. Zacks Investment Research cut TTM Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, SunTrust Banks assumed coverage on TTM Technologies in a research note on Thursday, December 14th. They issued a “buy” rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $20.38.
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About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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