Portolan Capital Management LLC Has $32.21 Million Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Portolan Capital Management LLC grew its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,301,342 shares of the technology company's stock after purchasing an additional 239,972 shares during the period. TTM Technologies makes up approximately 2.2% of Portolan Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Portolan Capital Management LLC owned 1.28% of TTM Technologies worth $32,208,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of TTM Technologies by 11.8% in the fourth quarter. Barclays PLC now owns 455,613 shares of the technology company's stock worth $11,276,000 after purchasing an additional 48,089 shares in the last quarter. Optimize Financial Inc acquired a new stake in TTM Technologies in the 4th quarter valued at $2,388,000. Cim Investment Management Inc. bought a new stake in TTM Technologies during the 4th quarter worth about $236,000. Archon Capital Management LLC boosted its stake in shares of TTM Technologies by 44.1% during the 4th quarter. Archon Capital Management LLC now owns 130,630 shares of the technology company's stock worth $3,233,000 after buying an additional 40,000 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after acquiring an additional 2,831 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Transactions at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction on 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 transaction, the chief operating officer now directly owns 157,528 shares of the company's stock, valued at $4,026,415.68. The trade was a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of the company's 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 sale, the senior vice president now directly owns 86,346 shares of the company's stock, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,817 shares of company stock worth $1,316,006. 1.30% of the stock is owned by insiders.

TTM Technologies Stock Performance

NASDAQ:TTMI traded down $0.04 during mid-day trading on Friday, hitting $18.65. The stock had a trading volume of 342,234 shares, compared to its average volume of 755,897. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 34.54 and a beta of 1.17. The company's 50 day simple moving average is $22.14 and its 200 day simple moving average is $23.00.

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 (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on TTMI. Stifel Nicolaus initiated coverage on TTM Technologies in a report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and set a $33.00 price objective 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.