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

Proficio Capital Partners LLC acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,930 shares of the technology company's stock, valued at approximately $295,000.

A number of other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of TTM Technologies during the third quarter valued at $18,600,000. Point72 Hong Kong Ltd bought a new stake in TTM Technologies during the 3rd quarter worth about $15,314,000. Loomis Sayles & Co. L P lifted its position in TTM Technologies by 41.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company's stock valued at $22,804,000 after purchasing an additional 367,608 shares during the period. Point72 Asset Management L.P. bought a new position in shares of TTM Technologies in the 3rd quarter valued at about $6,479,000. Finally, Phocas Financial Corp. acquired a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $5,302,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $22.05 on Wednesday. The firm's 50 day simple moving average is $24.87 and its 200 day simple moving average is $22.69. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 40.83 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71.

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TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share 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, sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

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 transaction 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. This represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, the executive vice president now owns 95,153 shares in the company, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,317 shares of company stock worth $1,303,846. Corporate insiders own 1.30% of the company's stock.

Analyst Ratings Changes

TTMI has been the subject of a number of recent research reports. Needham & Company LLC boosted their price target on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Stifel Nicolaus initiated coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target on the stock.

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.

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