20,700 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,700 shares of the technology company's stock, valued at approximately $512,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. raised its stake in TTM Technologies by 45.1% during the 3rd quarter. Citigroup Inc. now owns 198,707 shares of the technology company's stock valued at $3,626,000 after buying an additional 61,745 shares during the last quarter. FMR LLC grew its holdings 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 during the period. Verition Fund Management LLC purchased a new stake in TTM Technologies during the third quarter valued at $1,056,000. Point72 Asia Singapore Pte. Ltd. bought a new position in TTM Technologies in the third quarter valued at about $143,000. Finally, Centiva Capital LP purchased a new position in TTM Technologies in the third quarter worth about $798,000. Institutional investors own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on 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 of the company's stock, 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 through the SEC website. Also, EVP Daniel J. Weber sold 15,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was 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 in the company, valued at $2,506,330.02. This trade represents a 13.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,817 shares of company stock worth $1,316,006. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Stock Performance

TTMI traded down $0.40 during midday trading on Tuesday, reaching $17.57. The company had a trading volume of 590,990 shares, compared to its average volume of 749,746. The business has a 50-day moving average of $23.12 and a two-hundred day moving average of $23.03. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The company has a market cap of $1.79 billion, a P/E ratio of 32.54 and a beta of 1.17.

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 (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

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.