Victory Capital Management Inc. Buys 781,058 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Victory Capital Management Inc. increased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 391.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 980,509 shares of the technology company's stock after buying an additional 781,058 shares during the period. Victory Capital Management Inc. owned about 0.96% of TTM Technologies worth $24,268,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new position in TTM Technologies during the 3rd quarter worth $18,600,000. Point72 Hong Kong Ltd acquired a new stake in TTM Technologies in the 3rd quarter valued at approximately $15,314,000. Loomis Sayles & Co. L P grew its stake in shares of TTM Technologies by 41.7% in the third 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. Point72 Asset Management L.P. acquired a new position in TTM Technologies during the 3rd quarter valued at about $6,479,000. Finally, Phocas Financial Corp. bought a new position in shares of TTM Technologies in the third quarter valued at approximately $5,302,000. Institutional investors own 95.79% of the company's stock.

TTM Technologies Trading Up 0.7 %

Shares of NASDAQ:TTMI traded up $0.16 during mid-day trading on Tuesday, hitting $22.05. The stock had a trading volume of 747,158 shares, compared to its average volume of 737,599. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. 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 company has a market cap of $2.25 billion, a PE ratio of 40.83 and a beta of 1.19. The company's 50 day moving average is $24.87 and its 200-day moving average is $22.69.

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

Insider Activity at TTM Technologies

In related news, EVP Daniel J. Weber sold 15,000 shares of the company'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 directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Philip Titterton sold 24,792 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the sale, the chief operating officer now directly owns 157,528 shares of the company's stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,317 shares of company stock valued at $1,303,846. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TTMI. Needham & Company LLC raised their target price on TTM Technologies from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price for the company.

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.