O Shaughnessy Asset Management LLC grew its stake in TTM Technologies (NASDAQ:TTMI) by 77.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,720 shares of the technology company’s stock after purchasing an additional 10,331 shares during the period. O Shaughnessy Asset Management LLC’s holdings in TTM Technologies were worth $363,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. FDx Advisors Inc. bought a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $160,000. Leucadia National Corp bought a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $203,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of TTM Technologies by 61.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,029 shares of the technology company’s stock valued at $204,000 after purchasing an additional 4,981 shares during the last quarter. LPL Financial LLC bought a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $208,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $211,000.
In related news, SVP Daniel J. Weber sold 8,630 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $15.89, for a total transaction of $137,130.70. Following the completion of the sale, the senior vice president now directly owns 30,642 shares of the company’s stock, valued at approximately $486,901.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Kent Hardwick sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $15.66, for a total value of $31,320.00. Following the sale, the insider now directly owns 43,152 shares of the company’s stock, valued at $675,760.32. The disclosure for this sale can be found here. Insiders have sold a total of 141,288 shares of company stock valued at $2,274,950 over the last three months. 10.10% of the stock is owned by corporate insiders.
Shares of TTMI stock opened at $15.85 on Friday. TTM Technologies has a 52-week low of $12.76 and a 52-week high of $19.54. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.84 and a quick ratio of 1.72. The company has a market cap of $1.67 billion, a P/E ratio of 15.24 and a beta of 1.76.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.26. TTM Technologies had a return on equity of 10.32% and a net margin of 3.76%. The firm had revenue of $663.58 million during the quarter, compared to analyst estimates of $638.80 million. During the same period last year, the company earned $0.37 EPS. TTM Technologies’s quarterly revenue was up 6.1% compared to the same quarter last year. research analysts expect that TTM Technologies will post 1.03 EPS for the current year.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered TTM Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. BidaskClub raised TTM Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, May 8th. ValuEngine lowered TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. JPMorgan Chase reaffirmed an “overweight” rating and issued a $20.00 price objective (down from $22.00) on shares of TTM Technologies in a research note on Thursday, February 8th. Finally, Stifel Nicolaus lowered their price objective on TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.50.
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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