Trade Report: Today, 25,900 Shares of TTM Technologies Inc. (TTMI) are sold by California Public Employees Retirement System

Today, 25,900 Shares of TTM Technologies Inc. (TTMI) are sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in TTM Technologies Inc. (NASDAQ:TTMI) by 6.0% during the third quarter, Holdings Channel reports. The firm owned 404,753 shares of the company’s stock after selling 25,900 shares during the period. California Public Employees Retirement System owned 0.40% of TTM Technologies worth $4,634,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TTMI. MSI Financial Services Inc bought a new stake in shares of TTM Technologies during the third quarter valued at $103,000. Engineers Gate Manager LP bought a new stake in shares of TTM Technologies during the second quarter valued at $128,000. Citadel Advisors LLC bought a new stake in shares of TTM Technologies during the second quarter valued at $131,000. Springbok Capital Management LLC increased its stake in shares of TTM Technologies by 4,900.3% in the first quarter. Springbok Capital Management LLC now owns 19,851 shares of the company’s stock valued at $132,000 after buying an additional 19,454 shares during the period. Finally, BlackRock Inc. increased its stake in shares of TTM Technologies by 263.9% in the second quarter. BlackRock Inc. now owns 17,945 shares of the company’s stock valued at $136,000 after buying an additional 13,014 shares during the period. Institutional investors own 73.47% of the company’s stock.

TTM Technologies Inc. (NASDAQ:TTMI) traded down 1.24% on Friday, hitting $13.55. The stock had a trading volume of 941,852 shares. The firm has a market cap of $1.36 billion, a PE ratio of 29.78 and a beta of 1.44. TTM Technologies Inc. has a 12-month low of $4.67 and a 12-month high of $15.00. The company’s 50 day moving average is $12.69 and its 200 day moving average is $9.98.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. TTM Technologies had a return on equity of 12.58% and a net margin of 1.86%. The company earned $641.72 million during the quarter, compared to the consensus estimate of $641.47 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that TTM Technologies Inc. will post $1.27 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. TheStreet upgraded TTM Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. restated a “buy” rating on shares of TTM Technologies in a report on Tuesday, August 9th. Zacks Investment Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a report on Saturday, July 30th. Finally, Needham & Company LLC increased their price objective on TTM Technologies from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, October 27th. Five research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $12.38.

In other TTM Technologies news, SVP Daniel J. Weber sold 4,565 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $11.00, for a total transaction of $50,215.00. Following the sale, the senior vice president now directly owns 48,571 shares of the company’s stock, valued at approximately $534,281. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Douglas L. Soder sold 98,762 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $13.28, for a total transaction of $1,311,559.36. Following the sale, the insider now directly owns 88,416 shares in the company, valued at $1,174,164.48. The disclosure for this sale can be found here. Insiders own 28.40% of the company’s stock.

About TTM Technologies

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). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.

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