Livforsakringsbolaget Skandia Omsesidigt Sells 10,400 Shares of TTM Technologies, Inc. (TTMI)

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,000 shares of the technology company’s stock after selling 10,400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.16% of TTM Technologies worth $2,492,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dalton Greiner Hartman Maher & Co. lifted its stake in shares of TTM Technologies by 11.0% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 1,201,155 shares of the technology company’s stock worth $18,822,000 after purchasing an additional 119,260 shares during the last quarter. Rubric Capital Management LP purchased a new stake in shares of TTM Technologies during the 3rd quarter worth $6,532,000. GSA Capital Partners LLP purchased a new stake in shares of TTM Technologies during the 3rd quarter worth $670,000. Dana Investment Advisors Inc. lifted its stake in shares of TTM Technologies by 5.1% during the 3rd quarter. Dana Investment Advisors Inc. now owns 150,356 shares of the technology company’s stock worth $2,311,000 after purchasing an additional 7,313 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of TTM Technologies by 114.6% during the 3rd quarter. Sterling Capital Management LLC now owns 170,992 shares of the technology company’s stock worth $2,628,000 after purchasing an additional 91,301 shares during the last quarter.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $16.10, for a total value of $48,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 28.40% of the company’s stock.

A number of equities research analysts recently weighed in on the company. BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus restated a “buy” rating and set a $17.50 price objective 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 set a “buy” rating and a $20.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TTM Technologies has a consensus rating of “Buy” and a consensus price target of $20.38.

Shares of TTM Technologies, Inc. (NASDAQ TTMI) opened at $17.49 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.65 and a debt-to-equity ratio of 1.02. TTM Technologies, Inc. has a 12 month low of $12.76 and a 12 month high of $19.54. The company has a market capitalization of $1,780.00, a PE ratio of 29.15 and a beta of 1.55.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The company had revenue of $666.81 million during the quarter, compared to analysts’ expectations of $651.67 million. During the same period last year, the business posted $0.39 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. equities research analysts predict that TTM Technologies, Inc. will post 1.08 EPS for the current year.

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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.

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

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