ClariVest Asset Management LLC Sells 42,200 Shares of TTM Technologies, Inc. (TTMI)
ClariVest Asset Management LLC reduced its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 9.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 415,162 shares of the technology company’s stock after selling 42,200 shares during the period. ClariVest Asset Management LLC owned approximately 0.41% of TTM Technologies worth $6,381,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverhead Capital Management LLC lifted its holdings in shares of TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after purchasing an additional 2,860 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of TTM Technologies in the 2nd quarter worth $133,000. Simplex Trading LLC bought a new position in shares of TTM Technologies in the 3rd quarter worth $120,000. Ameritas Investment Partners Inc. lifted its holdings in shares of TTM Technologies by 29.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after purchasing an additional 1,852 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of TTM Technologies by 197.1% in the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after purchasing an additional 6,127 shares in the last quarter.
A number of equities analysts recently issued reports on TTMI shares. Stifel Nicolaus reiterated a “buy” rating and issued a $17.50 target price on shares of TTM Technologies in a report on Thursday, September 28th. ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co set a $22.00 target price on TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. TTM Technologies presently has a consensus rating of “Buy” and an average target price of $20.50.
TTM Technologies, Inc. (NASDAQ TTMI) traded up $0.15 during midday trading on Friday, reaching $16.71. The company had a trading volume of 625,861 shares, compared to its average volume of 1,077,526. The stock has a market cap of $1,701.33, a price-to-earnings ratio of 13.26 and a beta of 1.55. TTM Technologies, Inc. has a twelve month low of $12.76 and a twelve month high of $19.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $666.81 million during the quarter, compared to analyst estimates of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. TTM Technologies’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. research analysts anticipate that TTM Technologies, Inc. will post 1.08 EPS for the current fiscal year.
In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $14.70, for a total value of $44,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 12,000 shares of company stock valued at $182,190 over the last three months. 28.40% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding TTMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TTM Technologies, Inc. (NASDAQ:TTMI).
Receive News & Ratings for TTM Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.