Archon Capital Management LLC Has $3.23 Million Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Archon Capital Management LLC lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,630 shares of the technology company's stock after purchasing an additional 40,000 shares during the period. TTM Technologies accounts for approximately 3.1% of Archon Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Archon Capital Management LLC owned approximately 0.13% of TTM Technologies worth $3,233,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TTMI. FMR LLC increased its holdings in shares of TTM Technologies by 67.0% during the third quarter. FMR LLC now owns 14,338 shares of the technology company's stock worth $262,000 after purchasing an additional 5,750 shares during the period. Wellington Management Group LLP grew its holdings in shares of TTM Technologies by 1.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company's stock worth $25,453,000 after purchasing an additional 18,027 shares in the last quarter. Jane Street Group LLC increased its position in shares of TTM Technologies by 75.6% in the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company's stock worth $4,220,000 after purchasing an additional 99,512 shares during the period. MML Investors Services LLC bought a new stake in TTM Technologies during the third quarter worth about $259,000. Finally, Y Intercept Hong Kong Ltd bought a new position in TTM Technologies in the 3rd quarter valued at about $218,000. 95.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on TTMI shares. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and issued a $33.00 price objective on shares of TTM Technologies in a research note on Friday, March 21st.

TTM Technologies Stock Up 0.7 %

TTMI stock traded up $0.13 during trading on Thursday, reaching $18.82. 141,500 shares of the stock were exchanged, compared to its average volume of 753,569. The firm's 50 day moving average is $22.28 and its 200 day moving average is $22.99. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.91 billion, a P/E ratio of 34.81 and a beta of 1.17.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) 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%. As a group, research analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other news, EVP Daniel J. Weber sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the transaction, the executive vice president now directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the transaction, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. The trade was a 4.27 % 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 worth $1,316,006 over the last three months. 1.30% of the stock is currently owned by insiders.

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.