Norges Bank Acquires Shares of 347,889 TTM Technologies, Inc. (NASDAQ:TTMI)

Norges Bank bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 347,889 shares of the technology company's stock, valued at approximately $8,610,000. Norges Bank owned 0.34% of TTM Technologies at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P raised its position in shares of TTM Technologies by 5.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company's stock worth $32,491,000 after buying an additional 63,230 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of TTM Technologies by 20.9% in the 4th quarter. JPMorgan Chase & Co. now owns 977,154 shares of the technology company's stock valued at $24,185,000 after acquiring an additional 169,004 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of TTM Technologies by 1.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,822 shares of the technology company's stock valued at $1,542,000 after acquiring an additional 1,002 shares during the last quarter. Segall Bryant & Hamill LLC grew its holdings in shares of TTM Technologies by 2.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 190,357 shares of the technology company's stock worth $4,711,000 after purchasing an additional 5,174 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of TTM Technologies by 26.8% in the fourth quarter. Prudential Financial Inc. now owns 583,727 shares of the technology company's stock worth $14,447,000 after purchasing an additional 123,470 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

TTM Technologies Trading Down 0.9 %

NASDAQ:TTMI traded down $0.17 during trading hours on Friday, reaching $18.65. The company's stock had a trading volume of 532,736 shares, compared to its average volume of 755,901. The firm has a 50-day simple moving average of $22.70 and a 200-day simple moving average of $23.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 34.54 and a beta of 1.17.

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

Insider Buying and Selling

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 157,528 shares of the company's stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 6,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the sale, the executive vice president now owns 125,206 shares of the company's stock, valued at approximately $3,286,657.50. This trade represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,817 shares of company stock valued at $1,316,006 over the last three months. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on TTMI shares. Needham & Company LLC reissued 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 assumed coverage on TTM Technologies in a research note on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target for the company.

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.