JPMorgan Chase & Co. Has $24.19 Million Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

JPMorgan Chase & Co. boosted its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 977,154 shares of the technology company's stock after buying an additional 169,004 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.96% of TTM Technologies worth $24,185,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in TTM Technologies by 1.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,822 shares of the technology company's stock worth $1,542,000 after buying an additional 1,002 shares during the period. Segall Bryant & Hamill LLC lifted its stake in shares of TTM Technologies by 2.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 190,357 shares of the technology company's stock worth $4,711,000 after acquiring an additional 5,174 shares during the period. Prudential Financial Inc. lifted its stake in shares of TTM Technologies by 26.8% in the fourth quarter. Prudential Financial Inc. now owns 583,727 shares of the technology company's stock worth $14,447,000 after acquiring an additional 123,470 shares during the period. Emerald Advisers LLC boosted its holdings in TTM Technologies by 42.9% in the fourth quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company's stock valued at $26,535,000 after acquiring an additional 321,853 shares during the last quarter. Finally, LPL Financial LLC increased its position in TTM Technologies by 27.8% during the 4th quarter. LPL Financial LLC now owns 25,997 shares of the technology company's stock valued at $643,000 after purchasing an additional 5,661 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TTM Technologies

In other news, 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. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Weber sold 15,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,817 shares of company stock valued at $1,316,006. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Trading Up 1.0 %

TTMI stock traded up $0.18 during mid-day trading on Tuesday, reaching $18.86. The company's stock had a trading volume of 36,847 shares, compared to its average volume of 727,316. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. 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 business's 50 day moving average price is $22.58 and its 200 day moving average price is $23.05. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 34.84 and a beta of 1.17.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data 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 net margin of 2.30% and a return on equity of 9.74%. On average, equities research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TTMI shares. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $33.00 target price on shares of TTM Technologies in a research note on Friday, March 21st.

About TTM Technologies

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.