Fox Run Management L.L.C. Takes $675,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Fox Run Management L.L.C. purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 27,271 shares of the technology company's stock, valued at approximately $675,000.

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

TTM Technologies Trading Down 2.7 %

Shares of NASDAQ TTMI traded down $0.59 during midday trading on Friday, hitting $20.96. 15,713 shares of the company traded hands, compared to its average volume of 706,497. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The firm has a market cap of $2.13 billion, a P/E ratio of 38.89 and a beta of 1.19. The stock has a 50-day moving average price of $24.21 and a 200 day moving average price of $22.92. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

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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, topping analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price objective on shares of TTM Technologies in a research note on Friday, March 21st. Stifel Nicolaus started coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target for the company.

Insider Transactions at TTM Technologies

In other news, EVP Daniel J. Weber sold 15,000 shares of the business'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 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 $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 6,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 125,206 shares in the company, valued at approximately $3,286,657.50. This trade represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,817 shares of company stock valued at $1,316,006 in the last quarter. 1.30% of the stock is 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.