TTM Technologies, Inc. (NASDAQ:TTMI) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 532.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,957,741 shares of the technology company's stock after purchasing an additional 1,648,017 shares during the period. Franklin Resources Inc. owned approximately 1.92% of TTM Technologies worth $48,454,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of TTM Technologies by 67.0% in the third quarter. FMR LLC now owns 14,338 shares of the technology company's stock worth $262,000 after acquiring an additional 5,750 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of TTM Technologies during the third quarter worth about $1,056,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of TTM Technologies during the third quarter worth approximately $143,000. Centiva Capital LP acquired a new stake in TTM Technologies in the third quarter valued at approximately $798,000. Finally, Point72 Asset Management L.P. purchased a new position in TTM Technologies in the third quarter worth approximately $6,479,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTMI. Needham & Company LLC restated a "buy" rating and issued a $33.00 price objective on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus initiated coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 price objective for the company.

TTM Technologies Stock Down 6.2 %

NASDAQ:TTMI traded down $1.24 during midday trading on Thursday, hitting $18.60. 103,990 shares of the company were exchanged, compared to its average volume of 749,965. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The company has a market capitalization of $1.89 billion, a PE ratio of 34.41 and a beta of 1.17. 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 company has a fifty day simple moving average of $22.93 and a 200 day simple moving average of $23.02.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 86,346 shares of the company's stock, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the transaction, the chief operating officer now directly owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their position. 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. 1.30% of the stock is currently owned by company 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.