Nomura Holdings Inc. Sells 28,916 Shares of TTM Technologies, Inc. (TTMI)
Nomura Holdings Inc. reduced its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 292,565 shares of the technology company’s stock after selling 28,916 shares during the quarter. Nomura Holdings Inc. owned approximately 0.29% of TTM Technologies worth $5,080,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TTMI. LSV Asset Management increased its position in TTM Technologies by 492.0% in the 2nd quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock valued at $43,545,000 after acquiring an additional 2,084,668 shares during the period. Vanguard Group Inc. boosted its stake in shares of TTM Technologies by 17.4% in the 1st quarter. Vanguard Group Inc. now owns 11,833,440 shares of the technology company’s stock valued at $190,873,000 after purchasing an additional 1,757,393 shares during the last quarter. FMR LLC boosted its stake in shares of TTM Technologies by 111.0% in the 1st quarter. FMR LLC now owns 2,823,070 shares of the technology company’s stock valued at $45,536,000 after purchasing an additional 1,484,825 shares during the last quarter. Dalton Greiner Hartman Maher & Co. bought a new stake in shares of TTM Technologies in the 2nd quarter valued at $15,548,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of TTM Technologies by 69.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,669,384 shares of the technology company’s stock valued at $28,981,000 after purchasing an additional 681,552 shares during the last quarter.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction on Friday, August 25th. The shares were sold at an average price of $14.29, for a total value of $42,870.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 9,000 shares of company stock worth $142,260. 28.40% of the stock is owned by insiders.
TTM Technologies, Inc. (TTMI) traded up 1.71% during midday trading on Wednesday, hitting $15.49. 197,093 shares of the stock were exchanged. The stock has a market cap of $1.58 billion, a PE ratio of 22.45 and a beta of 1.56. The company’s 50 day moving average is $14.74 and its 200-day moving average is $16.14. TTM Technologies, Inc. has a 1-year low of $10.85 and a 1-year high of $19.54.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The firm had revenue of $627.20 million during the quarter, compared to analysts’ expectations of $625.43 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that TTM Technologies, Inc. will post $1.53 earnings per share for the current year.
A number of equities research analysts have recently commented on the stock. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective on the stock in a research note on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. J P Morgan Chase & Co set a $22.00 price objective on shares of TTM Technologies and gave the company a “buy” rating in a research note on Wednesday, August 16th. ValuEngine lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. TTM Technologies presently has a consensus rating of “Buy” and a consensus price target of $20.50.
TTM Technologies Company Profile
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.
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