Principal Financial Group Inc. Purchases 13,918 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Principal Financial Group Inc. boosted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 494,446 shares of the technology company's stock after buying an additional 13,918 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of TTM Technologies worth $12,238,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in TTM Technologies by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company's stock worth $44,491,000 after purchasing an additional 30,738 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of TTM Technologies by 1.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company's stock valued at $25,453,000 after acquiring an additional 18,027 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in TTM Technologies by 41.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company's stock worth $22,804,000 after purchasing an additional 367,608 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of TTM Technologies during the third quarter worth about $18,600,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of TTM Technologies in the third quarter valued at approximately $15,314,000. 95.79% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

TTMI has been the topic of several recent research reports. Needham & Company LLC lifted their target price on TTM Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Stifel Nicolaus began coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price on the stock.

TTM Technologies Stock Down 5.3 %

NASDAQ:TTMI traded down $1.29 on Monday, hitting $22.82. The stock had a trading volume of 471,272 shares, compared to its average volume of 743,159. The stock has a market cap of $2.33 billion, a P/E ratio of 42.01 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The firm's fifty day simple moving average is $25.22 and its two-hundred day simple moving average is $22.54. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41.

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

Insiders Place Their Bets

In related news, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company's stock, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Douglas L. Soder sold 5,985 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $25.00, for a total transaction of $149,625.00. Following the sale, the executive vice president now owns 179,493 shares in the company, valued at $4,487,325. The trade was a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,302 shares of company stock valued at $1,453,471. Company insiders own 1.30% of the company's 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.