Kennedy Capital Management LLC Grows Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Kennedy Capital Management LLC boosted its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 32.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,557 shares of the technology company's stock after buying an additional 54,134 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.21% of TTM Technologies worth $5,409,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of TTM Technologies by 532.1% during the 4th quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock worth $48,454,000 after buying an additional 1,648,017 shares during the period. Victory Capital Management Inc. raised its holdings in TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock worth $24,268,000 after acquiring an additional 781,058 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TTM Technologies by 50.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock valued at $37,971,000 after acquiring an additional 515,015 shares during the period. Norges Bank acquired a new position in shares of TTM Technologies during the 4th quarter worth approximately $8,610,000. Finally, Emerald Advisers LLC raised its holdings in TTM Technologies by 42.9% in the 4th 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 period. 95.79% of the stock is owned by institutional investors.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Catherine A. Gridley sold 6,000 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 125,206 shares of the company's stock, valued at $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,817 shares of company stock valued at $1,316,006. Company insiders own 1.30% of the company's stock.

TTM Technologies Price Performance

TTMI traded up $0.04 during midday trading on Thursday, hitting $18.73. The stock had a trading volume of 131,929 shares, compared to its average volume of 753,527. The company has a market cap of $1.90 billion, a P/E ratio of 34.67 and a beta of 1.17. The business has a fifty day moving average of $22.28 and a 200 day moving average of $22.99. 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, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping 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%. As a group, equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TTMI shares. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price objective on shares of TTM Technologies in a research 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 target price on the stock.

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.