TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP boosted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 50.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,332 shares of the technology company's stock after buying an additional 47,684 shares during the quarter. Trexquant Investment LP owned approximately 0.14% of TTM Technologies worth $3,523,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock valued at $48,454,000 after acquiring an additional 1,648,017 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock worth $24,268,000 after buying an additional 781,058 shares during the period. Point72 Asset Management L.P. bought a new position in shares of TTM Technologies during the 3rd quarter worth $6,479,000. Norges Bank purchased a new position in shares of TTM Technologies during the fourth quarter valued at $8,610,000. Finally, Emerald Advisers LLC raised its holdings in shares of TTM Technologies by 42.9% in the fourth quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company's stock valued at $26,535,000 after acquiring an additional 321,853 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Down 0.9 %

TTM Technologies stock traded down $0.17 during trading hours on Friday, reaching $18.65. The stock had a trading volume of 532,736 shares, compared to its average volume of 754,183. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 34.54 and a beta of 1.17. The business's 50 day moving average price is $22.70 and its 200-day moving average price is $23.02. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week 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.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS 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%. Sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at TTM Technologies

In other news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the sale, the executive vice president now directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the business's 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 sale, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,817 shares of company stock valued at $1,316,006 in the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.