Fox Run Management L.L.C. bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,920 shares of the technology company’s stock, valued at approximately $145,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Skyline Asset Management LP acquired a new stake in shares of TTM Technologies in the third quarter worth approximately $3,479,000. State of Alaska Department of Revenue boosted its position in shares of TTM Technologies by 135.9% in the third quarter. State of Alaska Department of Revenue now owns 75,363 shares of the technology company’s stock worth $919,000 after acquiring an additional 43,410 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of TTM Technologies by 26.0% in the second quarter. Macquarie Group Ltd. now owns 3,502,463 shares of the technology company’s stock worth $35,725,000 after acquiring an additional 722,397 shares during the last quarter. Nomura Holdings Inc. raised its holdings in TTM Technologies by 5.7% in the second quarter. Nomura Holdings Inc. now owns 618,458 shares of the technology company’s stock valued at $6,248,000 after buying an additional 33,518 shares during the period. Finally, Needham Investment Management LLC raised its holdings in TTM Technologies by 88.9% in the second quarter. Needham Investment Management LLC now owns 170,000 shares of the technology company’s stock valued at $1,734,000 after buying an additional 80,000 shares during the period.
TTMI has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Monday, August 5th. Stifel Nicolaus raised their price target on shares of TTM Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 1st. BidaskClub upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Finally, B. Riley initiated coverage on shares of TTM Technologies in a report on Thursday, September 5th. They issued a “buy” rating and a $17.75 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $14.44.
In other news, SVP Daniel J. Weber sold 20,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $10.70, for a total transaction of $214,000.00. Following the sale, the senior vice president now owns 57,734 shares in the company, valued at $617,753.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tai Keung Chung sold 29,839 shares of TTM Technologies stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $10.58, for a total transaction of $315,696.62. Following the sale, the executive vice president now owns 48,518 shares in the company, valued at approximately $513,320.44. The disclosure for this sale can be found here. Insiders have sold 74,939 shares of company stock worth $784,007 in the last quarter. Insiders own 6.90% of the company’s stock.
NASDAQ TTMI opened at $12.22 on Friday. TTM Technologies, Inc. has a one year low of $8.49 and a one year high of $14.69. The company’s 50 day moving average price is $11.89 and its 200 day moving average price is $11.00. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.71 and a current ratio of 1.91. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 8.86 and a beta of 2.52.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. TTM Technologies had a net margin of 2.93% and a return on equity of 6.56%. The firm had revenue of $633.04 million for the quarter, compared to analyst estimates of $622.68 million. During the same quarter last year, the firm posted $0.48 earnings per share. TTM Technologies’s revenue for the quarter was down 11.7% compared to the same quarter last year. Sell-side analysts forecast that TTM Technologies, Inc. will post 0.46 EPS for the current fiscal year.
About TTM Technologies
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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