TTM Technologies, Inc. (TTMI) Stake Lowered by Federated Investors Inc. PA

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Federated Investors Inc. PA trimmed its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 975,408 shares of the technology company’s stock after selling 9,877 shares during the quarter. Federated Investors Inc. PA’s holdings in TTM Technologies were worth $15,520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Marshall Wace LLP bought a new position in TTM Technologies during the third quarter valued at about $6,955,000. Vanguard Group Inc. increased its stake in TTM Technologies by 0.5% during the third quarter. Vanguard Group Inc. now owns 12,178,218 shares of the technology company’s stock valued at $193,755,000 after acquiring an additional 65,344 shares during the period. Legal & General Group Plc increased its stake in TTM Technologies by 6.7% during the third quarter. Legal & General Group Plc now owns 212,352 shares of the technology company’s stock valued at $3,390,000 after acquiring an additional 13,330 shares during the period. Macquarie Group Ltd. increased its stake in TTM Technologies by 2.1% during the third quarter. Macquarie Group Ltd. now owns 2,377,048 shares of the technology company’s stock valued at $37,819,000 after acquiring an additional 48,000 shares during the period. Finally, IndexIQ Advisors LLC increased its stake in TTM Technologies by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 148,675 shares of the technology company’s stock valued at $2,365,000 after acquiring an additional 5,616 shares during the period.

In other news, Director Philip G. Franklin acquired 4,905 shares of TTM Technologies stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of $11.78 per share, with a total value of $57,780.90. Following the acquisition, the director now owns 84,561 shares in the company, valued at $996,128.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Philip G. Franklin acquired 5,095 shares of TTM Technologies stock in a transaction on Thursday, November 15th. The shares were purchased at an average cost of $11.76 per share, for a total transaction of $59,917.20. Following the acquisition, the director now owns 79,656 shares in the company, valued at approximately $936,754.56. The disclosure for this purchase can be found here. Corporate insiders own 10.10% of the company’s stock.

TTMI stock opened at $9.72 on Wednesday. TTM Technologies, Inc. has a 1-year low of $9.54 and a 1-year high of $19.91. The company has a market capitalization of $1.01 billion, a PE ratio of 9.35 and a beta of 2.22. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.60 and a current ratio of 1.77.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. TTM Technologies had a return on equity of 15.55% and a net margin of 5.92%. The company had revenue of $755.84 million for the quarter, compared to analyst estimates of $750.89 million. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Analysts forecast that TTM Technologies, Inc. will post 1.13 earnings per share for the current year.

Several equities analysts recently issued reports on TTMI shares. ValuEngine lowered TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. BidaskClub lowered TTM Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, September 14th. Macquarie started coverage on TTM Technologies in a research note on Monday, October 8th. They set an “outperform” rating on the stock. Cross Research lowered TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, November 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.50.

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TTM Technologies Company Profile

TTM Technologies, Inc engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the Printed Circuit Board and Electro-Mechanical Solutions segments. It offers products such as backplanes, system integration, chassis assemblies, integrated circuit substrates and chips, and engineering services.

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Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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