Axa increased its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 98.7% during the third quarter, HoldingsChannel.com reports. The fund owned 47,500 shares of the technology company’s stock after purchasing an additional 23,600 shares during the quarter. Axa’s holdings in TTM Technologies were worth $756,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA boosted its position in shares of TTM Technologies by 19.2% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,615,002 shares of the technology company’s stock valued at $46,102,000 after purchasing an additional 420,617 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of TTM Technologies by 8.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 734,727 shares of the technology company’s stock valued at $12,954,000 after purchasing an additional 55,691 shares in the last quarter. Swiss National Bank boosted its position in shares of TTM Technologies by 6.8% during the 2nd quarter. Swiss National Bank now owns 160,400 shares of the technology company’s stock valued at $2,828,000 after purchasing an additional 10,200 shares in the last quarter. Simplex Trading LLC boosted its position in shares of TTM Technologies by 22,508.5% during the 3rd quarter. Simplex Trading LLC now owns 21,252 shares of the technology company’s stock valued at $338,000 after purchasing an additional 21,158 shares in the last quarter. Finally, Voya Investment Management LLC boosted its position in shares of TTM Technologies by 578.1% during the 2nd quarter. Voya Investment Management LLC now owns 839,659 shares of the technology company’s stock valued at $14,803,000 after purchasing an additional 715,833 shares in the last quarter.
In other news, Director Philip G. Franklin bought 5,095 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was bought at an average cost of $11.76 per share, for a total transaction of $59,917.20. Following the completion of the acquisition, the director now directly owns 79,656 shares in the company, valued at approximately $936,754.56. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Philip G. Franklin bought 4,905 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was purchased at an average price of $11.78 per share, with a total value of $57,780.90. Following the completion of the acquisition, the director now owns 84,561 shares of the company’s stock, valued at $996,128.58. The disclosure for this purchase can be found here. Company insiders own 10.10% of the company’s stock.
Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of TTM Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 24th. Cross Research lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. BidaskClub lowered shares of TTM Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Zacks Investment Research upgraded shares of TTM Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 3rd. Finally, Macquarie assumed coverage on shares of TTM Technologies in a research report on Monday, October 8th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. TTM Technologies currently has a consensus rating of “Hold” and a consensus target price of $20.40.
Shares of TTMI opened at $10.44 on Friday. TTM Technologies, Inc. has a one year low of $10.35 and a one year high of $19.91. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.04 and a beta of 2.22. The company has a quick ratio of 1.60, a current ratio of 1.77 and a debt-to-equity ratio of 1.29.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Tuesday, October 30th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. TTM Technologies had a net margin of 5.92% and a return on equity of 15.55%. The company had revenue of $755.84 million during the quarter, compared to analysts’ expectations of $750.89 million. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, analysts anticipate that TTM Technologies, Inc. will post 1.13 earnings per share for the current fiscal year.
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TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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