Jackson Creek Investment Advisors LLC Trims Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Jackson Creek Investment Advisors LLC lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,687 shares of the technology company’s stock after selling 2,627 shares during the period. TTM Technologies comprises about 0.6% of Jackson Creek Investment Advisors LLC’s holdings, making the stock its 8th largest holding. Jackson Creek Investment Advisors LLC owned approximately 0.08% of TTM Technologies worth $2,096,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. USA Financial Formulas bought a new stake in TTM Technologies in the fourth quarter worth $25,000. Quarry LP purchased a new position in shares of TTM Technologies in the third quarter worth about $34,000. Smartleaf Asset Management LLC lifted its stake in shares of TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,220 shares during the last quarter. Covestor Ltd boosted its holdings in TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,900 shares during the period. Finally, GAMMA Investing LLC grew its position in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Trading Down 2.0 %

NASDAQ TTMI opened at $22.70 on Friday. The stock has a market cap of $2.32 billion, a P/E ratio of 42.04 and a beta of 1.19. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The stock has a 50 day simple moving average of $25.08 and a two-hundred day simple moving average of $22.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping 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%. On average, analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on TTMI. Needham & Company LLC boosted their price objective on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target for the company.

Insider Activity

In other news, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Weber sold 15,000 shares of the business’s 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 sale, the executive vice president now directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,317 shares of company stock valued at $1,303,846. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Company Profile

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.