Rhumbline Advisers raised its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,052 shares of the technology company’s stock after purchasing an additional 8,840 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of TTM Technologies worth $2,860,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in TTM Technologies by 9.6% during the 2nd quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock valued at $225,108,000 after purchasing an additional 1,133,604 shares during the period. Dimensional Fund Advisors LP increased its position in TTM Technologies by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,565,975 shares of the technology company’s stock valued at $148,706,000 after purchasing an additional 75,016 shares during the period. FMR LLC increased its position in TTM Technologies by 20.1% during the 2nd quarter. FMR LLC now owns 3,389,523 shares of the technology company’s stock valued at $58,842,000 after purchasing an additional 566,453 shares during the period. LSV Asset Management increased its position in TTM Technologies by 492.0% during the 2nd quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock valued at $43,545,000 after purchasing an additional 2,084,668 shares during the period. Finally, Ameriprise Financial Inc. increased its position in TTM Technologies by 15.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,465,564 shares of the technology company’s stock valued at $42,803,000 after purchasing an additional 336,830 shares during the period.
A number of research analysts have issued reports on TTMI shares. J P Morgan Chase & Co set a $22.00 price objective on shares of TTM Technologies and gave the company a “buy” rating in a research report on Wednesday, August 16th. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective on the stock in a research report on Thursday, August 24th. They noted that the move was a valuation call. ValuEngine downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, BidaskClub downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $20.50.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at $15.61 on Friday. The firm has a market cap of $1,596.46, a PE ratio of 12.44 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21. TTM Technologies, Inc. has a 1 year low of $12.76 and a 1 year high of $19.54.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. The firm had revenue of $666.81 million for the quarter, compared to the consensus estimate of $651.67 million. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. research analysts anticipate that TTM Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.
In other news, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $16.07, for a total value of $48,210.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 9,000 shares of company stock worth $139,320 over the last ninety days. Insiders own 28.40% of the company’s stock.
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About TTM Technologies
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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