Rhumbline Advisers raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,609 shares of the technology company’s stock after acquiring an additional 28,557 shares during the quarter. Rhumbline Advisers owned approximately 0.21% of TTM Technologies worth $3,363,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in TTM Technologies by 169.0% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,048 shares of the technology company’s stock valued at $124,000 after acquiring an additional 5,056 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in TTM Technologies by 55.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock valued at $145,000 after acquiring an additional 3,357 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in shares of TTM Technologies during the 3rd quarter worth about $402,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of TTM Technologies by 18.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 30,300 shares of the technology company’s stock worth $466,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of TTM Technologies during the 4th quarter worth about $477,000.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at $16.84 on Friday. TTM Technologies, Inc. has a 12 month low of $12.76 and a 12 month high of $19.54. The stock has a market cap of $1,710.00, a PE ratio of 11.38 and a beta of 1.65. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.96.
TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. TTM Technologies had a net margin of 4.67% and a return on equity of 13.26%. The company had revenue of $739.30 million for the quarter, compared to analysts’ expectations of $724.65 million. During the same period last year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. sell-side analysts predict that TTM Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.
In related news, SVP Daniel J. Weber sold 8,630 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $15.89, for a total value of $137,130.70. Following the sale, the senior vice president now directly owns 30,642 shares of the company’s stock, valued at $486,901.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jon Pereira sold 6,985 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $16.09, for a total transaction of $112,388.65. Following the completion of the sale, the insider now directly owns 36,960 shares in the company, valued at $594,686.40. The disclosure for this sale can be found here. Insiders sold 141,288 shares of company stock worth $2,274,950 over the last three months. Corporate insiders own 28.40% of the company’s stock.
TTMI has been the topic of several analyst reports. Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. SunTrust Banks initiated coverage on shares of TTM Technologies in a research note on Thursday, December 14th. They set a “buy” rating and a $20.00 price target on the stock. BidaskClub cut shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Needham & Company LLC decreased their price target on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $20.00 price target (down from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $19.50.
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.
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