132,899 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 132,899 shares of the technology company's stock, valued at approximately $3,289,000. Raymond James Financial Inc. owned about 0.13% of TTM Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTMI. USA Financial Formulas purchased a new stake in TTM Technologies in the fourth quarter worth approximately $25,000. Quarry LP bought a new stake in shares of TTM Technologies in the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 purchasing an additional 1,220 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 purchased a new position in TTM Technologies in the 4th quarter worth $83,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Trading Down 1.7 %

TTM Technologies stock traded down $0.35 during trading hours on Monday, reaching $20.51. The stock had a trading volume of 769,001 shares, compared to its average volume of 747,583. The company has a fifty day simple moving average of $24.01 and a 200-day simple moving average of $23.03. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41. The stock has a market cap of $2.08 billion, a PE ratio of 37.98 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 (EPS) for the quarter, topping 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%. Analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This represents a 13.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of the firm'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 value of $100,086.48. Following the completion of the transaction, the senior vice president now owns 86,346 shares of the company's stock, valued at approximately $2,245,859.46. The trade was a 4.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,817 shares of company stock worth $1,316,006. 1.30% of the stock is currently owned by insiders.

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.