Fox Run Management L.L.C. Acquires Shares of 27,271 TTM Technologies, Inc. (NASDAQ:TTMI)

Fox Run Management L.L.C. bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 27,271 shares of the technology company's stock, valued at approximately $675,000.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in TTM Technologies during the 3rd quarter valued at $18,600,000. Point72 Hong Kong Ltd purchased a new stake in TTM Technologies during the 3rd quarter worth about $15,314,000. Victory Capital Management Inc. lifted its holdings in shares of TTM Technologies by 391.6% in the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock worth $24,268,000 after buying an additional 781,058 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in TTM Technologies by 41.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company's stock valued at $22,804,000 after purchasing an additional 367,608 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in TTM Technologies during the third quarter valued at $6,479,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Daniel J. Weber sold 15,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the transaction, the executive vice president now directly owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of the firm'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 directly owns 157,528 shares in the company, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock valued at $1,316,006 in the last ninety days. Company insiders own 1.30% of the company's stock.

TTM Technologies Trading Down 3.2 %

Shares of TTMI stock traded down $0.68 on Friday, hitting $20.86. 846,240 shares of the company's stock traded hands, compared to its average volume of 747,497. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 38.63 and a beta of 1.19. The company's fifty day simple moving average is $24.12 and its 200 day simple moving average is $22.94. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. 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 (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

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

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.