Dana Investment Advisors Inc. Sells 42,835 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Dana Investment Advisors Inc. reduced its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,962 shares of the technology company’s stock after selling 42,835 shares during the quarter. Dana Investment Advisors Inc. owned 0.44% of TTM Technologies worth $11,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTMI. USA Financial Formulas purchased a new position in TTM Technologies in the fourth quarter valued at about $25,000. Quarry LP purchased a new position in TTM Technologies in the third quarter valued at about $34,000. Smartleaf Asset Management LLC grew its stake in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,220 shares during the last quarter. Covestor Ltd grew its stake in TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,900 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after purchasing an additional 443 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on TTMI. Stifel Nicolaus began coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price on the stock. Needham & Company LLC lifted their target price on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.

TTM Technologies Price Performance

Shares of TTMI stock opened at $23.16 on Thursday. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 42.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The stock’s 50-day simple moving average is $25.12 and its 200-day simple moving average is $22.59.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. As a group, equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Weber sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the sale, the executive vice president now owns 95,153 shares of the company’s stock, valued at $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,317 shares of company stock valued at $1,303,846. 1.30% of the stock is owned by company insiders.

TTM Technologies 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.