Zacks Investment Management Makes New $2.24 Million Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Zacks Investment Management acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 90,569 shares of the technology company's stock, valued at approximately $2,242,000. Zacks Investment Management owned approximately 0.09% of TTM Technologies at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in shares of TTM Technologies by 8.5% in the fourth quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock worth $139,000 after acquiring an additional 442 shares in the last quarter. GAMMA Investing LLC boosted its holdings in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after purchasing an additional 443 shares during the period. Envestnet Asset Management Inc. grew its stake in TTM Technologies by 3.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock worth $490,000 after purchasing an additional 602 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in TTM Technologies by 8.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company's stock worth $288,000 after purchasing an additional 940 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of TTM Technologies by 6.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock valued at $423,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

Shares of TTMI opened at $18.65 on Friday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 34.54 and a beta of 1.17. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $22.14 and a 200 day moving average price of $23.00.

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%. Research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 target price on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price objective on the stock.

Insiders Place Their Bets

In other news, EVP Catherine A. Gridley sold 6,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the sale, the executive vice president now directly owns 125,206 shares of the company's stock, valued at approximately $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of TTM Technologies 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 completion of the transaction, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,817 shares of company stock valued at $1,316,006. 1.30% of the stock is currently owned by 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.

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