TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Emerald Advisers LLC

Emerald Advisers LLC raised its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 42.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,072,133 shares of the technology company's stock after buying an additional 321,853 shares during the quarter. Emerald Advisers LLC owned approximately 1.05% of TTM Technologies worth $26,535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its position 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 valued at $51,000 after acquiring an additional 443 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in TTM Technologies by 6.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock worth $423,000 after purchasing an additional 1,000 shares during the period. USA Financial Formulas acquired a new position in TTM Technologies in the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its holdings in TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,220 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of TTM Technologies by 47.4% in the 4th quarter. KBC Group NV now owns 4,404 shares of the technology company's stock valued at $109,000 after buying an additional 1,416 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on TTMI. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target on the stock. Needham & Company LLC restated a "buy" rating and issued a $33.00 target price on shares of TTM Technologies in a research report on Friday, March 21st.

Insider Activity

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the sale, the senior vice president now owns 86,346 shares of the company's stock, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Catherine A. Gridley sold 6,000 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the transaction, the executive vice president now directly owns 125,206 shares of the company's stock, valued at approximately $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,817 shares of company stock worth $1,316,006. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Trading Down 3.5 %

Shares of TTM Technologies stock traded down $0.78 on Thursday, reaching $21.54. The company had a trading volume of 1,227,467 shares, compared to its average volume of 707,734. 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 firm has a market cap of $2.19 billion, a PE ratio of 39.89 and a beta of 1.19. The firm's 50 day moving average price is $24.21 and its two-hundred day moving average price is $22.92. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41.

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

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.