Proficio Capital Partners LLC Buys New Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Proficio Capital Partners LLC acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 11,930 shares of the technology company's stock, valued at approximately $295,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. USA Financial Formulas acquired a new position in TTM Technologies during the fourth quarter worth approximately $25,000. Quarry LP acquired a new position in shares of TTM Technologies during the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC raised its stake in TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after acquiring an additional 1,220 shares during the period. GAMMA Investing LLC lifted its holdings in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after purchasing an additional 443 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in TTM Technologies during the fourth quarter worth $83,000. 95.79% of the stock is owned by institutional investors.

TTM Technologies Price Performance

NASDAQ:TTMI traded down $0.68 during trading hours on Friday, hitting $20.86. The company's stock had a trading volume of 846,240 shares, compared to its average volume of 747,498. 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 current ratio of 1.99 and a quick ratio of 1.71. The stock has a fifty day simple moving average of $24.12 and a 200-day simple moving average of $23.01. The company has a market capitalization of $2.12 billion, a P/E ratio of 38.63 and a beta of 1.19.

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TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. On average, analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were 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. The trade was a 4.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chief operating officer now owns 157,528 shares of the company's stock, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,817 shares of company stock valued at $1,316,006. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TTMI has been the topic of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 price objective on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target 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.