Bank of New York Mellon Corp cut its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,091,905 shares of the technology company’s stock after selling 69,781 shares during the quarter. Bank of New York Mellon Corp owned 1.01% of TTM Technologies worth $15,614,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in TTM Technologies by 173.0% during the first quarter. Renaissance Technologies LLC now owns 689,169 shares of the technology company’s stock worth $9,993,000 after purchasing an additional 436,700 shares during the last quarter. Citigroup Inc. lifted its stake in TTM Technologies by 85.5% in the second quarter. Citigroup Inc. now owns 108,355 shares of the technology company’s stock valued at $1,550,000 after buying an additional 49,943 shares during the last quarter. XTX Topco Ltd bought a new stake in TTM Technologies in the first quarter valued at $148,000. Vident Investment Advisory LLC lifted its stake in TTM Technologies by 58.2% in the first quarter. Vident Investment Advisory LLC now owns 134,569 shares of the technology company’s stock valued at $1,951,000 after buying an additional 49,529 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in TTM Technologies by 1.4% in the first quarter. Principal Financial Group Inc. now owns 692,780 shares of the technology company’s stock valued at $10,045,000 after buying an additional 9,884 shares during the last quarter.
A number of equities research analysts have issued reports on the company. Needham & Company LLC raised their target price on TTM Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, September 29th. Finally, B. Riley restated a “buy” rating on shares of TTM Technologies in a research note on Tuesday, July 20th.
Shares of NASDAQ TTMI opened at $13.38 on Thursday. TTM Technologies, Inc. has a fifty-two week low of $11.55 and a fifty-two week high of $15.36. The firm’s 50-day simple moving average is $13.52 and its 200 day simple moving average is $14.27. The company has a quick ratio of 2.30, a current ratio of 2.53 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.44 billion, a P/E ratio of 74.33 and a beta of 1.58.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 28th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.19. The business had revenue of $567.38 million for the quarter, compared to analysts’ expectations of $548.30 million. TTM Technologies had a net margin of 1.06% and a return on equity of 0.18%. On average, sell-side analysts anticipate that TTM Technologies, Inc. will post 1.19 earnings per share for the current fiscal year.
TTM Technologies Company Profile
TTM Technologies, Inc engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board(PCB), RF&S Components, and Electro-Mechanical Solutions. The PCB segment consists of fifteen domestic PCB and sub-system plants; five PCB fabrication plants in China; and one in Canada.
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