Public Employees Retirement System of Ohio lifted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 623.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,685 shares of the technology company’s stock after buying an additional 29,888 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in TTM Technologies were worth $337,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sapphire Star Partners LP grew its stake in shares of TTM Technologies by 2.6% in the 4th quarter. Sapphire Star Partners LP now owns 47,467 shares of the technology company’s stock valued at $462,000 after buying an additional 1,194 shares in the last quarter. Texas Permanent School Fund boosted its position in TTM Technologies by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 60,382 shares of the technology company’s stock worth $588,000 after purchasing an additional 2,325 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in TTM Technologies by 39.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,091 shares of the technology company’s stock worth $91,000 after purchasing an additional 2,849 shares during the period. Xact Kapitalforvaltning AB boosted its position in TTM Technologies by 23.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 20,653 shares of the technology company’s stock worth $201,000 after purchasing an additional 3,900 shares during the period. Finally, Northern Trust Corp boosted its position in TTM Technologies by 0.3% during the fourth quarter. Northern Trust Corp now owns 1,280,175 shares of the technology company’s stock worth $12,456,000 after purchasing an additional 4,082 shares during the period.
Shares of TTM Technologies stock opened at $13.01 on Wednesday. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 9.43 and a beta of 2.26. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.79 and a quick ratio of 1.63. TTM Technologies, Inc. has a 12-month low of $8.97 and a 12-month high of $19.91.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 15.10% and a net margin of 6.10%. The company had revenue of $711.00 million during the quarter, compared to analyst estimates of $710.84 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, equities analysts predict that TTM Technologies, Inc. will post 0.53 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the company. ValuEngine raised TTM Technologies from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. BidaskClub cut TTM Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $20.67.
In other news, insider Philip Titterton sold 19,864 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $11.85, for a total transaction of $235,388.40. Following the completion of the transaction, the insider now directly owns 61,188 shares in the company, valued at $725,077.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Tony Sanchez sold 2,323 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $12.03, for a total value of $27,945.69. Following the transaction, the vice president now owns 14,276 shares of the company’s stock, valued at $171,740.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,786 shares of company stock valued at $438,712. Corporate insiders own 6.90% of the company’s stock.
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TTM Technologies 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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