Martingale Asset Management L P Purchases Shares of 61,855 TTM Technologies, Inc. (NASDAQ:TTMI)

Martingale Asset Management L P purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 61,855 shares of the technology company's stock, valued at approximately $1,531,000. Martingale Asset Management L P owned 0.06% of TTM Technologies as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its stake in shares of TTM Technologies by 67.0% in the 3rd quarter. FMR LLC now owns 14,338 shares of the technology company's stock valued at $262,000 after purchasing an additional 5,750 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of TTM Technologies by 1.3% in the third quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company's stock valued at $25,453,000 after acquiring an additional 18,027 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of TTM Technologies by 75.6% in the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company's stock worth $4,220,000 after acquiring an additional 99,512 shares in the last quarter. MML Investors Services LLC bought a new position in TTM Technologies in the 3rd quarter valued at $259,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in TTM Technologies in the third quarter worth $218,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Catherine A. Gridley sold 6,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the transaction, the executive vice president now owns 125,206 shares of the company's stock, valued at approximately $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. Insiders have sold 50,817 shares of company stock worth $1,316,006 in the last 90 days. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of research analyst reports. Stifel Nicolaus started coverage on TTM Technologies in a report on Tuesday, February 11th. They issued 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.

TTM Technologies Trading Up 0.3 %

NASDAQ TTMI traded up $0.07 on Thursday, reaching $18.76. The company had a trading volume of 113,261 shares, compared to its average volume of 721,948. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 34.72 and a beta of 1.17. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41. The stock's 50 day moving average is $22.28 and its 200-day moving average is $22.99. 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 (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) 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%. Equities analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

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.