T. Rowe Price Investment Management Inc. Invests $19.04 Million in TTM Technologies, Inc. (NASDAQ:TTMI)

T. Rowe Price Investment Management Inc. purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 769,273 shares of the technology company’s stock, valued at approximately $19,040,000. T. Rowe Price Investment Management Inc. owned about 0.75% of TTM Technologies at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TTMI. Barclays PLC grew its holdings in TTM Technologies by 59.8% during the 3rd quarter. Barclays PLC now owns 407,524 shares of the technology company’s stock worth $7,437,000 after acquiring an additional 152,456 shares in the last quarter. Virtu Financial LLC bought a new position in TTM Technologies during the 3rd quarter worth about $197,000. Franklin Resources Inc. grew its holdings in TTM Technologies by 262.5% during the 3rd quarter. Franklin Resources Inc. now owns 309,724 shares of the technology company’s stock worth $5,937,000 after acquiring an additional 224,286 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after buying an additional 443 shares in the last quarter. Finally, Diversified Trust Co grew its position in shares of TTM Technologies by 9.2% in the 4th quarter. Diversified Trust Co now owns 27,335 shares of the technology company’s stock worth $677,000 after buying an additional 2,292 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price target on the stock.

Insider Activity at TTM Technologies

In related news, EVP Daniel J. Weber sold 15,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the transaction, the executive vice president now directly owns 95,153 shares in the company, valued at $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the transaction, the senior vice president now owns 86,346 shares of the company’s stock, valued at $2,245,859.46. This represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,817 shares of company stock worth $1,316,006 over the last three months. Company insiders own 1.30% of the company’s stock.

TTM Technologies Trading Up 1.9 %

NASDAQ:TTMI opened at $20.42 on Monday. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The firm has a fifty day simple moving average of $21.30 and a 200-day simple moving average of $23.09. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.08 billion, a P/E ratio of 37.81 and a beta of 1.17.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. On average, equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission 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.