Principal Financial Group Inc. Decreases Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Principal Financial Group Inc. trimmed its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 630,759 shares of the technology company's stock after selling 10,175 shares during the quarter. Principal Financial Group Inc. owned about 0.61% of TTM Technologies worth $8,509,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TTMI. Citigroup Inc. lifted its position in shares of TTM Technologies by 1.9% during the first quarter. Citigroup Inc. now owns 102,360 shares of the technology company's stock valued at $1,517,000 after buying an additional 1,893 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of TTM Technologies by 55.1% during the 1st quarter. MetLife Investment Management LLC now owns 55,710 shares of the technology company's stock valued at $826,000 after purchasing an additional 19,783 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of TTM Technologies by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 89,968 shares of the technology company's stock valued at $1,333,000 after purchasing an additional 11,093 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TTM Technologies by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,498,091 shares of the technology company's stock valued at $111,122,000 after purchasing an additional 162,694 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its position in shares of TTM Technologies by 31.3% in the 1st quarter. Allianz Asset Management GmbH now owns 34,334 shares of the technology company's stock valued at $509,000 after purchasing an additional 8,185 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $17.00 price objective (up from $15.00) on shares of TTM Technologies in a research report on Thursday, August 3rd. Truist Financial raised their target price on TTM Technologies from $12.00 to $16.00 and gave the stock a "hold" rating in a research note on Thursday, August 3rd. TheStreet upgraded TTM Technologies from a "c+" rating to a "b-" rating in a research note on Tuesday, August 22nd. Stifel Nicolaus reduced their price target on shares of TTM Technologies from $14.00 to $13.00 in a research report on Thursday, May 4th. Finally, StockNews.com assumed coverage on shares of TTM Technologies in a research report on Thursday, August 17th. They set a "hold" rating for the company. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.33.

View Our Latest Stock Analysis on TTM Technologies

TTM Technologies stock opened at $14.88 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.91 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1.55 billion, a PE ratio of 30.37 and a beta of 1.43. The stock's 50 day simple moving average is $14.21 and its two-hundred day simple moving average is $13.42. TTM Technologies, Inc. has a 12 month low of $11.13 and a 12 month high of $17.46.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.12. TTM Technologies had a net margin of 2.12% and a return on equity of 8.78%. The firm had revenue of $546.51 million for the quarter, compared to the consensus estimate of $552.52 million. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm's quarterly revenue was down 12.6% compared to the same quarter last year. Analysts anticipate that TTM Technologies, Inc. will post 0.92 earnings per share for the current year.

In other TTM Technologies news, VP Tony Sanchez sold 7,131 shares of TTM Technologies stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $13.43, for a total value of $95,769.33. Following the completion of the transaction, the vice president now owns 23,256 shares of the company's stock, valued at $312,328.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Dale Martin Knecht sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $15.09, for a total value of $301,800.00. Following the completion of the sale, the senior vice president now directly owns 90,684 shares in the company, valued at $1,368,421.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Tony Sanchez sold 7,131 shares of the business's stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $13.43, for a total value of $95,769.33. Following the completion of the sale, the vice president now owns 23,256 shares of the company's stock, valued at $312,328.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,163 shares of company stock valued at $845,908. Corporate insiders own 1.30% of the company's stock.

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale engineered 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.

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