Prudential Financial Inc. Reduces Holdings in TTM Technologies (TTMI)

Prudential Financial Inc. decreased its holdings in TTM Technologies (NASDAQ:TTMI) by 4.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 778,998 shares of the technology company’s stock after selling 39,550 shares during the period. Prudential Financial Inc. owned about 0.75% of TTM Technologies worth $11,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of TTM Technologies by 16.4% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 127,300 shares of the technology company’s stock worth $1,995,000 after acquiring an additional 17,900 shares in the last quarter. Shellback Capital LP acquired a new position in shares of TTM Technologies in the fourth quarter worth $7,310,000. Swiss National Bank grew its stake in shares of TTM Technologies by 3.7% in the fourth quarter. Swiss National Bank now owns 147,400 shares of the technology company’s stock worth $2,310,000 after acquiring an additional 5,300 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of TTM Technologies by 64.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 493,200 shares of the technology company’s stock worth $7,728,000 after acquiring an additional 193,900 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of TTM Technologies by 43.9% in the fourth quarter. Sterling Capital Management LLC now owns 246,083 shares of the technology company’s stock worth $3,856,000 after acquiring an additional 75,091 shares in the last quarter.

Shares of TTM Technologies opened at $17.12 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.84 and a quick ratio of 1.72. The firm has a market cap of $1.72 billion, a P/E ratio of 16.46 and a beta of 1.76. TTM Technologies has a 12 month low of $12.76 and a 12 month high of $19.54.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, May 2nd. The technology company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $663.58 million during the quarter, compared to the consensus estimate of $638.80 million. TTM Technologies had a net margin of 3.76% and a return on equity of 10.32%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. sell-side analysts anticipate that TTM Technologies will post 1.03 earnings per share for the current year.

In other TTM Technologies news, SVP Daniel J. Weber sold 8,630 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $15.89, for a total value of $137,130.70. Following the completion of the transaction, the senior vice president now owns 30,642 shares in the company, valued at $486,901.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon Pereira sold 2,078 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $15.85, for a total transaction of $32,936.30. Following the completion of the transaction, the insider now owns 34,336 shares of the company’s stock, valued at approximately $544,225.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 139,288 shares of company stock valued at $2,243,630. Insiders own 10.10% of the company’s stock.

Several equities analysts have commented on TTMI shares. BidaskClub upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Stifel Nicolaus dropped their price target on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of TTM Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. ValuEngine downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $20.00 target price (down previously from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $20.00.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

Want to see what other hedge funds are holding TTMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TTM Technologies (NASDAQ:TTMI).

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply