Teacher Retirement System of Texas Acquires 13,690 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Teacher Retirement System of Texas lifted its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 21.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,291 shares of the technology company's stock after purchasing an additional 13,690 shares during the period. Teacher Retirement System of Texas owned 0.07% of TTM Technologies worth $1,888,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TTMI. USA Financial Formulas acquired a new stake in shares of TTM Technologies in the 4th quarter valued at $25,000. Quarry LP acquired a new position in shares of TTM Technologies during the 3rd quarter worth about $34,000. Smartleaf Asset Management LLC grew its position in shares of TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after buying an additional 1,220 shares during the period. GAMMA Investing LLC increased its stake in shares of TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after acquiring an additional 443 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $83,000. Institutional investors own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Buying and Selling

In other news, COO Philip Titterton sold 24,792 shares of the 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 trade represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Weber sold 15,000 shares of the business's stock in a transaction on 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 of the company's stock, valued at $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. In the last three months, insiders have sold 50,817 shares of company stock valued at $1,316,006. 1.30% of the stock is owned by insiders.

TTM Technologies Stock Down 3.3 %

Shares of NASDAQ TTMI traded down $0.68 during trading hours on Monday, hitting $20.18. The company had a trading volume of 28,234 shares, compared to its average volume of 744,687. The firm's 50 day moving average is $24.12 and its 200-day moving average is $23.01. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The stock has a market capitalization of $2.05 billion, a P/E ratio of 37.47 and a beta of 1.19. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued 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 net margin of 2.30% and a return on equity of 9.74%. On average, analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

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.