Loomis Sayles & Co. L P Acquires 63,230 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Loomis Sayles & Co. L P increased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 5.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,312,770 shares of the technology company's stock after buying an additional 63,230 shares during the period. Loomis Sayles & Co. L P owned 1.29% of TTM Technologies worth $32,491,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in TTM Technologies during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its position in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after acquiring an additional 1,220 shares in the last quarter. Quarry LP bought a new position in TTM Technologies in the third quarter valued at $34,000. GAMMA Investing LLC boosted its holdings 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 worth $51,000 after purchasing an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of TTM Technologies during the 4th quarter valued at about $83,000. 95.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TTM Technologies

In related news, EVP Daniel J. Weber sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the transaction, the executive vice president now owns 95,153 shares in the company, valued at $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction on Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the sale, the executive vice president now owns 125,206 shares in the company, valued at approximately $3,286,657.50. This trade represents a 4.57 % decrease in their position. 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 90 days. Insiders own 1.30% of the company's stock.

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TTM Technologies Trading Down 1.5 %

Shares of TTM Technologies stock traded down $0.31 on Monday, hitting $20.56. The stock had a trading volume of 286,738 shares, compared to its average volume of 732,602. 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, Inc. has a one year low of $13.43 and a one year high of $30.41. The stock's 50-day simple moving average is $24.12 and its two-hundred day simple moving average is $23.01. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 38.06 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released 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 net margin of 2.30% and a return on equity of 9.74%. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. 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. 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.

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.