Connor Clark & Lunn Investment Management Ltd. have their interests in TTM Technologies, Inc. (NASDAQ: TTMI) shortened by 41.8% in the second quarter, according to the company's latest Form 13F filing with the Securities and Exchange Commission. The institutional investor held 274,414 shares in the share of the technology company after the sale of 197,448 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.27% of TTM Technologies worth $ 4,838,000 from the most recent filings with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also increased or reduced their holdings in the company. Mount Yale Investment Advisors LLC acquired a new position in shares of TTM Technologies worth $ 140,000 in the first quarter. Ladenburg Thalmann Financial Services Inc. has reduced its stake in TTM Technologies by 61.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,029 shares in the share capital of the technology company valued at $ 204,000 after buying 4,981 additional shares during the period. LPL Financial LLC acquired a new position in TTM Technologies in the fourth quarter with a value of $ 208,000. Renaissance Technologies LLC acquired a new position in TTM Technologies with a value of $ 213,000 in the fourth quarter. Finally, Element Capital Management LLC acquired a new position in TTM Technologies in the first quarter, worth $ 209,000.
In other TTM Technologies news, EVP Tai Keung Chung sold 23,345 shares of the shares in a transaction that took place on Monday, August 6th. The shares were sold at an average price of $ 18.90 for a total value of $ 441,220.50. After the sale, the Executive Vice President now holds directly 50.357 shares in the company, valued at approximately $ 951,747.30. The transaction was announced in an application to the Securities & Exchange Commission, which is accessible through the SEC website. COO Brian W. Barber also sold 1,315 shares of the shares in a transaction that took place on Thursday, August 2. The stock was sold at an average price of $ 19.24, for a total transaction of $ 25,300.60. After the completion of the sale, the chief operating officer now holds 76,280 shares in the company, valued at $ 1,467,627.20. The information for this sale can be found here. Insiders have sold a total of 37,559 shares of company shares in the last 90 days, valued at $ 710,410. 10.10% of the shares are currently owned by insiders of companies.
Shares of the TTM Technologies shares fell to $ 0.10 on Friday and came to $ 18.70. 514,020 shares of the company were traded compared to the average volume of 761,856. 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 P / E 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 reported $ 0.48 EPS for the quarter and beat Zacks' consensus estimate of $ 0.37 with $ 0.11. The company had sales of $ 716.89 million for the quarter compared with analysts' expectations of $ 728.97 million. TTM Technologies had a net margin of 5.91% and a return on equity of 15.85%. Turnover at TTM Technologies increased by 14.3% compared to the same quarter last year. During the same period last year the company scored $ 0.31 EPS. stock analysts expect TTM Technologies, Inc. 1.09 EPS will be issued for the current fiscal year.
TTMI has been the subject of various research reports. BidaskClub raised shares of TTM Technologies from a & # 39; sell & # 39; credit to a & # 39; hold & # 39; rating in a research report on Tuesday 8 May. Zacks Investment Research lowered the shares of TTM Technologies from a & # 39; hold & # 39; credit to a & # 39; sell & # 39; rating in a research report on Tuesday 8 May. Stifel Nicolaus raised their target price on shares of TTM Technologies from $ 18.00 to $ 20.00 and gave the shares a "buy" score in a research report on Friday, May 25th. ValuEngine downgraded shares of TTM Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, June 5. Finally, Deutsche Bank began the coverage of shares of TTM Technologies in a research report on Thursday, June 14. They gave a hold & # 39; rating and a price target of $ 19.00 for the company. Two research analysts have rated the shares with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy-rating to the company. TTM Technologies has a consensus rating of "Buy" and an average price target of $ 20.40.
About TTM Technologies
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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