TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,491,598 shares of the technology company’s stock after selling 151,746 shares during the quarter. Thrivent Financial for Lutherans owned about 5.39% of TTM Technologies worth $135,917,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TTMI. USA Financial Formulas purchased a new position in shares of TTM Technologies in the fourth quarter valued at $25,000. Quarry LP acquired a new stake in shares of TTM Technologies during the third quarter valued at about $34,000. Smartleaf Asset Management LLC increased its position in shares of TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,220 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in TTM Technologies during the 4th quarter valued at approximately $83,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Needham & Company LLC lifted their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Stifel Nicolaus initiated coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $22.13 on Tuesday. The business’s fifty day moving average price is $24.63 and its two-hundred day moving average price is $22.75. The firm has a market capitalization of $2.26 billion, a PE ratio of 40.98 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41.

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

Insider Buying and Selling at TTM Technologies

In other news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the transaction, the executive vice president now directly owns 95,153 shares of the company’s stock, valued at $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Catherine A. Gridley sold 6,000 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the sale, the executive vice president now owns 125,206 shares of the company’s stock, valued at $3,286,657.50. The trade was a 4.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,817 shares of company stock valued at $1,316,006. 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.