Massar Capital Management LP Takes Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Massar Capital Management LP acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,620 shares of the technology company's stock, valued at approximately $436,000.

A number of other large investors also recently bought and sold shares of TTMI. Victory Capital Management Inc. increased its holdings in shares of TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock valued at $24,268,000 after acquiring an additional 781,058 shares during the period. Allspring Global Investments Holdings LLC grew its stake in TTM Technologies by 33.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company's stock valued at $993,000 after purchasing an additional 9,980 shares during the last quarter. Principal Financial Group Inc. raised its holdings 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 worth $12,238,000 after purchasing an additional 13,918 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of TTM Technologies during the fourth quarter valued at about $512,000. Finally, Geode Capital Management LLC boosted its holdings in shares of TTM Technologies by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company's stock valued at $44,491,000 after buying an additional 30,738 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a "buy" rating and a $33.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price target on shares of TTM Technologies in a research report on Friday, March 21st.

Insider Activity at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $395,100.00. Following the transaction, the executive vice president now directly owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. This trade represents a 13.62 % 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 worth $1,316,006 over the last quarter. Insiders own 1.30% of the company's stock.

TTM Technologies Stock Up 1.9 %

Shares of TTMI traded up $0.38 during mid-day trading on Friday, hitting $20.42. 446,462 shares of the company traded hands, compared to its average volume of 759,132. The company has a market capitalization of $2.08 billion, a PE ratio of 37.81 and a beta of 1.17. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $21.30 and a 200 day moving average of $23.03.

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, 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%. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current 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.