TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. lessened its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 85.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,656 shares of the technology company’s stock after selling 246,868 shares during the quarter. Phocas Financial Corp.’s holdings in TTM Technologies were worth $1,080,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after purchasing an additional 30,738 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of TTM Technologies by 1.3% during the third quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company’s stock valued at $25,453,000 after acquiring an additional 18,027 shares during the period. Loomis Sayles & Co. L P grew its holdings in shares of TTM Technologies by 41.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock valued at $22,804,000 after buying an additional 367,608 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in TTM Technologies during the 3rd quarter valued at about $18,600,000. Finally, Point72 Hong Kong Ltd acquired a new position in TTM Technologies in the 3rd quarter valued at approximately $15,314,000. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Trading Down 1.6 %

Shares of TTMI stock opened at $24.24 on Wednesday. The firm has a market capitalization of $2.47 billion, a P/E ratio of 44.89 and a beta of 1.19. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The firm’s fifty day simple moving average is $25.25 and its 200 day simple moving average is $22.41. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Transactions at TTM Technologies

In other news, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the transaction, the executive vice president now directly owns 95,153 shares of the company’s stock, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now owns 86,346 shares of the company’s stock, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 80,317 shares of company stock valued at $2,053,846. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

TTMI has been the subject of several research reports. Stifel Nicolaus assumed coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target for the company. Needham & Company LLC raised their target price on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.