TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 1,327.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 308,423 shares of the technology company's stock after acquiring an additional 286,813 shares during the period. Arrowstreet Capital Limited Partnership owned 0.30% of TTM Technologies worth $7,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of TTM Technologies during the fourth quarter worth $25,000. Quarry LP purchased a new position in TTM Technologies during the 3rd quarter worth $34,000. Smartleaf Asset Management LLC increased its position in TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after buying an additional 1,220 shares in the last quarter. GAMMA Investing LLC increased its position in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after buying an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in TTM Technologies in the fourth quarter valued at about $83,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Stock Performance

TTMI traded down $0.17 on Friday, reaching $18.65. 532,736 shares of the stock were exchanged, compared to its average volume of 754,183. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The company's 50-day moving average price is $22.70 and its 200 day moving average price is $23.02. The firm has a market capitalization of $1.90 billion, a PE ratio of 34.54 and a beta of 1.17. 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 released its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping 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, sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTMI. Stifel Nicolaus began coverage on TTM Technologies in a research note on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $33.00 target price on shares of TTM Technologies in a research note on Friday, March 21st.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction dated 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 owns 86,346 shares in the company, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares in the company, valued at $4,026,415.68. The trade was a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,817 shares of company stock worth $1,316,006. Company insiders own 1.30% of the company's stock.

TTM Technologies Company 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.