Headlands Technologies LLC Increases Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Headlands Technologies LLC raised its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 324.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,522 shares of the technology company's stock after purchasing an additional 14,928 shares during the period. Headlands Technologies LLC's holdings in TTM Technologies were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC boosted its stake in TTM Technologies by 75.6% in the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company's stock valued at $4,220,000 after acquiring an additional 99,512 shares in the last quarter. Victory Capital Management Inc. grew its stake in TTM Technologies by 391.6% during the 4th 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 during the last quarter. Allspring Global Investments Holdings LLC increased its position in TTM Technologies by 33.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company's stock worth $993,000 after buying an additional 9,980 shares during the period. Principal Financial Group Inc. lifted its stake in TTM Technologies by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company's stock valued at $12,238,000 after buying an additional 13,918 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $512,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TTMI. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price for the company. 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.

TTM Technologies Stock Performance

NASDAQ:TTMI traded up $2.27 during mid-day trading on Wednesday, reaching $19.84. The stock had a trading volume of 1,043,839 shares, compared to its average volume of 752,468. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The business has a 50 day simple moving average of $22.93 and a 200 day simple moving average of $23.02. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 36.74 and a beta of 1.17. 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 posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS 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%. On average, analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In other news, EVP Daniel J. Weber sold 15,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the transaction, the executive vice president now owns 95,153 shares in the company, valued at $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction 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. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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 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.