American Century Companies Inc. Sells 8,753 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

American Century Companies Inc. trimmed its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,814,972 shares of the technology company’s stock after selling 8,753 shares during the period. American Century Companies Inc.’s holdings in TTM Technologies were worth $44,921,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after buying an additional 443 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of TTM Technologies by 6.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company’s stock valued at $423,000 after purchasing an additional 1,000 shares in the last quarter. USA Financial Formulas bought a new stake in shares of TTM Technologies in the 4th quarter worth about $25,000. Smartleaf Asset Management LLC increased its position in shares of TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,220 shares in the last quarter. Finally, KBC Group NV lifted its holdings in TTM Technologies by 47.4% during the 4th quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,416 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Down 3.5 %

Shares of NASDAQ:TTMI opened at $21.54 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.19 billion, a P/E ratio of 39.89 and a beta of 1.19. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company’s 50-day moving average price is $24.21 and its two-hundred day moving average price is $22.92.

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

Insider Activity

In related news, COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the transaction, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now directly owns 86,346 shares of the company’s stock, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,817 shares of company stock valued at $1,316,006. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on TTMI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price objective on shares of TTM Technologies in a research note on Friday, March 21st. Stifel Nicolaus initiated coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock.

About TTM Technologies

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.