ClariVest Asset Management LLC Sells 42,200 Shares of TTM Technologies, Inc. (TTMI)

ClariVest Asset Management LLC trimmed its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 9.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,162 shares of the technology company’s stock after selling 42,200 shares during the period. ClariVest Asset Management LLC owned approximately 0.41% of TTM Technologies worth $6,381,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TTMI. UBS Asset Management Americas Inc. grew its stake in TTM Technologies by 42.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 33,449 shares of the technology company’s stock valued at $540,000 after buying an additional 9,907 shares in the last quarter. Bank of America Corp DE boosted its holdings in TTM Technologies by 134.8% in the 1st quarter. Bank of America Corp DE now owns 194,180 shares of the technology company’s stock valued at $3,133,000 after purchasing an additional 111,483 shares during the period. State Street Corp boosted its holdings in TTM Technologies by 6.4% in the 1st quarter. State Street Corp now owns 1,870,812 shares of the technology company’s stock valued at $30,176,000 after purchasing an additional 112,550 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in TTM Technologies by 11.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 25,600 shares of the technology company’s stock valued at $413,000 after purchasing an additional 2,600 shares during the period. Finally, Bank of Montreal Can boosted its holdings in TTM Technologies by 20.2% in the 2nd quarter. Bank of Montreal Can now owns 397,458 shares of the technology company’s stock valued at $6,901,000 after purchasing an additional 66,822 shares during the period.

A number of analysts have recently issued reports on TTMI shares. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective for the company in a report on Thursday, August 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 26th. J P Morgan Chase & Co set a $22.00 price objective on shares of TTM Technologies and gave the company a “buy” rating in a research report on Wednesday, August 16th. ValuEngine cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub cut shares of TTM Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.50.

In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $14.70, for a total transaction of $44,100.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 9,000 shares of company stock worth $139,320. Insiders own 28.40% of the company’s stock.

Shares of TTM Technologies, Inc. (NASDAQ TTMI) traded down $0.04 during midday trading on Monday, hitting $15.85. 1,671,252 shares of the company traded hands, compared to its average volume of 1,385,175. The stock has a market capitalization of $1,617.85, a PE ratio of 12.61 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21. TTM Technologies, Inc. has a one year low of $12.76 and a one year high of $19.54.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. The business had revenue of $666.81 million for the quarter, compared to analysts’ expectations of $651.67 million. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. equities analysts anticipate that TTM Technologies, Inc. will post 1.08 EPS for the current year.

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TTM Technologies 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.

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

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