TTM Technologies, Inc. (TTMI) Position Reduced by Nomura Holdings Inc.

Nomura Holdings Inc. cut its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 32.8% during the first quarter, Holdings Channel reports. The firm owned 321,481 shares of the technology company’s stock after selling 156,889 shares during the period. Nomura Holdings Inc.’s holdings in TTM Technologies were worth $5,186,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TTMI. Russell Investments Group Ltd. bought a new position in TTM Technologies during the fourth quarter valued at about $9,000,000. State Board of Administration of Florida Retirement System raised its position in TTM Technologies by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 66,907 shares of the technology company’s stock valued at $912,000 after buying an additional 223 shares during the period. Comerica Bank raised its position in TTM Technologies by 22.7% in the fourth quarter. Comerica Bank now owns 89,579 shares of the technology company’s stock valued at $1,312,000 after buying an additional 16,580 shares during the period. Cipher Capital LP raised its position in TTM Technologies by 6.8% in the fourth quarter. Cipher Capital LP now owns 118,373 shares of the technology company’s stock valued at $1,614,000 after buying an additional 7,565 shares during the period. Finally, State Street Corp raised its position in TTM Technologies by 15.3% in the fourth quarter. State Street Corp now owns 1,758,262 shares of the technology company’s stock valued at $23,966,000 after buying an additional 233,895 shares during the period. Institutional investors own 95.16% of the company’s stock.

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

TTM Technologies, Inc. (NASDAQ:TTMI) traded down 0.11% during trading on Friday, reaching $18.10. The company’s stock had a trading volume of 1,585,149 shares. The stock has a 50 day moving average price of $16.73 and a 200 day moving average price of $15.62. The stock has a market capitalization of $1.84 billion, a PE ratio of 25.42 and a beta of 1.45. TTM Technologies, Inc. has a 1-year low of $6.93 and a 1-year high of $18.85.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. The company had revenue of $625.20 million for the quarter, compared to analyst estimates of $615 million. TTM Technologies had a return on equity of 18.17% and a net margin of 2.92%. TTM Technologies’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Analysts anticipate that TTM Technologies, Inc. will post $1.70 earnings per share for the current fiscal year.

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TTMI has been the topic of several analyst reports. J P Morgan Chase & Co lowered TTM Technologies from an “overweight” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Friday, February 17th. They noted that the move was a valuation call. Zacks Investment Research lowered TTM Technologies from a “strong-buy” rating to a “sell” rating in a research note on Saturday, February 18th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of TTM Technologies in a research note on Tuesday, February 21st. Finally, TheStreet lowered TTM Technologies from a “b-” rating to a “c” rating in a research note on Wednesday, March 22nd. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TTM Technologies presently has a consensus rating of “Buy” and an average price target of $19.75.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $16.25, for a total value of $48,750.00. Following the sale, the director now owns 42,492 shares of the company’s stock, valued at approximately $690,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 9,000 shares of company stock worth $149,670 in the last ninety days. 28.40% of the stock is owned by corporate 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.

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