Economy

TTM Technologies, Inc. (NASDAQ:TTMI) Sees Unusual Trading Volume in Its Shares

TTM Technologies, Inc. (NASDAQ:TTMI) has risen 142.01% since September 22, 2016 and is uptrending.

Comparing the number of shares sold short to the float is a method analysts often use to get a reading on investor sentiment. Squarepoint Ops LLC now owns 59,965 shares worth $1,041,000. Great West Life Assurance Co. Ironwood Inv Mngmt Ltd Limited Liability Company invested 2.14% of its portfolio in TTM Technologies, Inc. Can now owns 120,662 shares of the technology company's stock worth $1,946,000 after buying an additional 13,861 shares during the period. The value of the investment in TTM Technologies, Inc. decreased from $10,267,000 to $4,057,000 a change of $6,210,000 for the reporting period.

As of the end of the quarter Vident Investment Advisory, LLC had acquired a total of 2,898 shares growing its stake by 1.8%. (NASDAQ:TTMI). Martingale Asset Limited Partnership holds 0.03% or 119,460 shares in its portfolio. Northern Trust Corp now owns 1,112,498 shares of the technology company's stock worth $19,313,000 after acquiring an additional 215,690 shares during the last quarter.

TRADEMARK VIOLATION NOTICE: "ETRADE Capital Management LLC Acquires Shares of 49,456 TTM Technologies, Inc". The company's institutional ownership is monitored at 0 percent.

Over the past 50 days, TTM Technologies, Inc. stock's -23.03% off of the high and 17.91% removed from the low. Comparatively, TTMI is expected to grow at a 19.90% annual rate. The stock was sold at an average price of $14.29, for a total transaction of $42,870.00.

The most current P/E ratio is 21.80 and the market cap is 1.59B. However the company reported $0.39 earnings per share for the same quarter during past year. As of the last earnings report the EPS was $0.71 and is estimated to be $1.53 for the current year with 101,814,000 shares outstanding. Pinebridge Invs L P holds 0.01% in TTM Technologies, Inc. The firm had revenue of $627.20 million during the quarter, compared to analysts' expectations of $625.43 million. During the same quarter a year ago, the firm earned $0.28 earnings per share. The business's revenue was up 4.2% on a year-over-year basis.

Several analysts have released their opinion on TTM Technologies, Inc.

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TTM Technologies, Inc. (NASDAQ:TTMI) has been the object of insider selling activity recently. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The company was downgraded on Friday, July 28 by Stifel Nicolaus. Zacks Investment Research downgraded TTM Technologies from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 9th. (NASDAQ:TTMI) earned "Buy" rating by Stifel Nicolaus on Friday, August 25.

Among 5 analysts covering TTM Tech (NASDAQ:TTMI), 4 have Buy rating, 1 Sell and 0 Hold.

The Price to book ratio is the current share price of a company divided by the book value per share.

Director, Alder Kenton K, sold 3,000 common shares of TTM Technologies, Inc.

On the other hand the company has Relative Strength Index (RSI 14) of 48.57 along with Average True Range (ATR 14) of 0.38, Consequently TTM Technologies I (NASDAQ:TTMI)'s weekly and monthly volatility is 2.83%, 2.55% respectively. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Stifel Nicolaus maintained TTM Technologies, Inc. The total value of its holdings increased 159.6%. The disclosure for this sale can be found here. Valley National Advisers Inc sold 3,942 shares as Philip Morris Intl Inc (PM)'s stock rose 10.69%. The third largest holder is Dimensional Fund Advisors Lp, which now holds $133.54 million worth of this stock and that ownership represents almost 8.45% of its market capitalization.

TTM Technologies, Inc., launched on June 21, 2005, 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 divisions include PCB, E-M Solutions and Corporate.



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