Paradigm Capital Management Inc. NY reduced its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,300,429 shares of the technology company’s stock after selling 40,500 shares during the quarter. TTM Technologies accounts for 3.3% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 4th largest position. Paradigm Capital Management Inc. NY owned about 2.22% of TTM Technologies worth $40,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC bought a new stake in shares of TTM Technologies during the first quarter worth $34,984,000. Victory Capital Management Inc. grew its holdings in shares of TTM Technologies by 47.3% during the second quarter. Victory Capital Management Inc. now owns 2,542,592 shares of the technology company’s stock worth $44,826,000 after purchasing an additional 816,626 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of TTM Technologies by 2,970.4% during the first quarter. Wedge Capital Management L L P NC now owns 820,849 shares of the technology company’s stock worth $12,551,000 after purchasing an additional 794,115 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of TTM Technologies by 50.1% during the second quarter. Bank of New York Mellon Corp now owns 2,280,099 shares of the technology company’s stock worth $40,198,000 after purchasing an additional 760,892 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP bought a new stake in shares of TTM Technologies during the second quarter worth $8,778,000.

In related news, insider William Kent Hardwick sold 3,115 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $18.91, for a total value of $58,904.65. Following the transaction, the insider now owns 44,997 shares in the company, valued at $850,893.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Brian W. Barber sold 8,263 shares of the stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $19.00, for a total value of $156,997.00. Following the completion of the transaction, the chief operating officer now directly owns 78,783 shares in the company, valued at approximately $1,496,877. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,635 shares of company stock worth $729,240. 10.10% of the stock is owned by company insiders.

TTM Technologies stock traded down $0.14 during mid-day trading on Friday, hitting $17.96. The stock had a trading volume of 2,551 shares, compared to its average volume of 860,955. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 17.27 and a beta of 1.79. TTM Technologies, Inc. has a 12 month low of $12.77 and a 12 month high of $19.91. The company has a quick ratio of 1.57, a current ratio of 1.74 and a debt-to-equity ratio of 1.36.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. The business had revenue of $716.89 million for the quarter, compared to analysts’ expectations of $728.97 million. TTM Technologies had a return on equity of 15.85% and a net margin of 5.91%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 earnings per share. sell-side analysts expect that TTM Technologies, Inc. will post 1.09 EPS for the current year.

Several brokerages have recently commented on TTMI. BidaskClub cut TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. ValuEngine upgraded TTM Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Needham & Company LLC increased their target price on TTM Technologies from $20.00 to $23.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 2nd. Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Stifel Nicolaus raised their price target on TTM Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. TTM Technologies has a consensus rating of “Buy” and an average target price of $20.40.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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

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