Wedge Capital Management L L P NC Lowers Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Wedge Capital Management L L P NC decreased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,031,486 shares of the technology company’s stock after selling 30,906 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.98% of TTM Technologies worth $10,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. lifted its stake in shares of TTM Technologies by 2.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 1,316,800 shares of the technology company’s stock valued at $13,431,000 after buying an additional 37,450 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of TTM Technologies by 5.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 44,670 shares of the technology company’s stock valued at $455,000 after buying an additional 2,390 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of TTM Technologies by 422.1% during the 2nd quarter. First Trust Advisors LP now owns 206,084 shares of the technology company’s stock valued at $2,102,000 after buying an additional 166,615 shares in the last quarter. Virginia Retirement Systems ET AL lifted its stake in shares of TTM Technologies by 17.0% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 44,100 shares of the technology company’s stock valued at $450,000 after buying an additional 6,400 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of TTM Technologies by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 145,597 shares of the technology company’s stock valued at $1,485,000 after buying an additional 2,285 shares in the last quarter.

NASDAQ TTMI traded down $0.21 on Thursday, reaching $9.94. The company had a trading volume of 24,038 shares, compared to its average volume of 1,452,322. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.91 and a quick ratio of 1.71. The stock has a market cap of $1.11 billion, a PE ratio of 7.18 and a beta of 2.52. The stock’s 50 day moving average is $10.12. TTM Technologies, Inc. has a 12 month low of $8.49 and a 12 month high of $18.94.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. TTM Technologies had a net margin of 2.93% and a return on equity of 6.56%. The company had revenue of $633.04 million for the quarter, compared to the consensus estimate of $622.68 million. During the same period in the previous year, the firm posted $0.48 EPS. TTM Technologies’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities research analysts expect that TTM Technologies, Inc. will post 0.45 earnings per share for the current fiscal year.

A number of analysts have issued reports on TTMI shares. Zacks Investment Research upgraded shares of TTM Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. BidaskClub upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. downgraded shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Monday, August 5th. Needham & Company LLC started coverage on shares of TTM Technologies in a report on Tuesday, May 7th. They issued a “hold” rating on the stock. Finally, TheStreet downgraded shares of TTM Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.50.

TTM Technologies 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.

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

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