ClariVest Asset Management LLC reduced its stake in TTM Technologies, Inc. (NASDAQ: TTMI) by 1.2% in the second quarter, according to the company in its most recent application to the Securities and Exchange Commission (SEC). The company owned 311,800 shares of the technology company's stock after the sale of 3,700 shares during the period. ClariVest Asset Management LLC owned approximately 0.30% of TTM Technologies worth $ 5,497,000 from the most recent SEC application.
Other institutional investors have recently changed their holdings to the company. Mount Yale Investment Advisors LLC bought a new stake in TTM Technologies worth $ 140,000 in the first quarter. Renaissance Technologies LLC acquired a new stake in TTM Technologies in the fourth quarter of $ 213,000. Element Capital Management LLC acquired a new stake in TTM Technologies in the first quarter of $ 209,000. Oppenheimer Asset Management Inc. acquired in the first quarter a new position in shares of TTM Technologies worth $ 235,000. Finally, in the first quarter, Xact Kapitalforvaltning AB acquired a new position in shares of TTM Technologies worth $ 256,000.
A number of brokers recently issued reports about TTMI. BidaskClub upgraded shares of TTM Technologies from a & # 39; & # 39; credit rating to a & # 39; buy & # 39; credit in a study letter on Friday, June 1st. ValuEngine valued shares of TTM Technologies from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; credit in a study letter on Friday 3 August. Zacks Investment Research lowered the shares of TTM Technologies from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a research note on Tuesday 7 August. Finally, Stifel Nicolaus increased its price target on TTM Technologies shares from $ 18.00 to $ 20.00 and gave the company a "buy" score in a study letter on Friday, May 25. Two analysts have rated the shares with a sell rating, one has issued a hold rating, four have issued a buy rating and one has a strong buy rating assigned to the company. The stock currently has an average rating of "Buy" and an average target price of $ 20.40.
Shares of TTMI shares opened Friday at $ 18.70. TTM Technologies, Inc. has a low of 52 weeks of $ 13.61 and a height of 52 weeks of $ 19.91. The company has a market capitalization of $ 1.93 billion, a PE ratio of 17.98 and a beta of 1.79. The company has a quick ratio of 1.57, a current ratio of 1.74 and a debt-to-equity ratio of 1.36.
TTM Technologies (NASDAQ: TTMI) last released its quarterly results on Wednesday, August 1st. The technology company posted earnings per share of $ 0.48 (EPS) this quarter and beat analysts' consensus estimates of $ 0.37 with $ 0.11. TTM Technologies had a net margin of 5.91% and a return on equity of 15.85%. The company had sales of $ 716.89 million during the quarter compared with analysts' expectations of $ 728.97 million. In the same quarter of the previous year, the company recorded $ 0.31 EPS. The company's turnover increased by 14.3% year-on-year. stock research analysts predict that TTM Technologies, Inc. 1.09 per share for the current year will publish.
In related news, insider William Kent Hardwick sold 3,115 shares of the shares in a transaction on Monday, August 6th. The shares were sold at an average price of $ 18.91 for a total transaction of $ 58.904.65. After the completion of the sale, the insider now owns 44,997 shares in the company, valued at approximately $ 850,893.27. The sale was announced in an application to the Securities & Exchange Commission, which is available on the SEC website. COO Brian W. Barber also sold 1,315 shares of the shares in a transaction on Thursday 2 August. The stock was sold at an average price of $ 19.24, for a total transaction of $ 25,300.60. After the sale, the chief operating officer now holds 76,280 shares of the company, valued at approximately $ 1,467,627.20. The information for this sale can be found here. In the last 90 days, insiders sold 37,559 shares in company shares with a value of $ 710,410. Business mixers hold 10.10% of the company's shares.
TTM Technologies profile
TTM Technologies, Inc., together with its subsidiaries, produces printed circuit boards (PCBs) all over the world. It works via two segments, PCB & # 39; s and E-M solutions. The company offers a series of PCB & # 39; s and electromechanical solutions, including conventional PCB & # 39; s, PCB & # 39; s high density, flexible PCB & # 39; s rigid flex PCB, customized assemblies and system integration products and IC substrates.
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