May Hill Capital LLC Invests $742,000 in TTM Technologies, Inc. (NASDAQ:TTMI)

May Hill Capital LLC purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 30,000 shares of the technology company's stock, valued at approximately $742,000.

Several other large investors also recently made changes to their positions in the stock. USA Financial Formulas bought a new position in TTM Technologies during the fourth quarter worth $25,000. Quarry LP acquired a new stake in shares of TTM Technologies during the 3rd quarter worth about $34,000. Smartleaf Asset Management LLC lifted its stake in shares of TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after buying an additional 1,220 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock worth $51,000 after buying an additional 443 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in TTM Technologies in the 4th quarter valued at about $83,000. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI traded down $1.00 during midday trading on Friday, reaching $17.78. The company's stock had a trading volume of 775,993 shares, compared to its average volume of 748,007. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The company has a market cap of $1.81 billion, a P/E ratio of 32.93 and a beta of 1.17. The business's 50 day moving average price is $23.50 and its two-hundred day moving average price is $23.04. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41.

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

Insider Buying and Selling at TTM Technologies

In related news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Philip Titterton sold 24,792 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,817 shares of company stock worth $1,316,006 over the last three months. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

TTMI has been the subject of several recent research reports. Needham & Company LLC restated a "buy" rating and issued a $33.00 price target on shares of TTM Technologies in a research note on Friday, March 21st. Stifel Nicolaus started coverage on TTM Technologies in a report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price for the company.

About TTM Technologies

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.