Allspring Global Investments Holdings LLC Boosts Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Allspring Global Investments Holdings LLC grew its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 33.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,122 shares of the technology company’s stock after purchasing an additional 9,980 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TTM Technologies were worth $993,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. USA Financial Formulas purchased a new position in shares of TTM Technologies in the 4th quarter worth $25,000. Quarry LP acquired a new position in TTM Technologies in the third quarter worth about $34,000. Covestor Ltd grew its stake in TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,900 shares in the last quarter. GAMMA Investing LLC grew its stake in TTM Technologies by 27.7% in the fourth 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, KBC Group NV lifted its holdings in TTM Technologies by 47.4% in the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,416 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Transactions at TTM Technologies

In related news, EVP Catherine A. Gridley sold 6,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the transaction, the executive vice president now directly owns 125,206 shares of the company’s stock, valued at approximately $3,286,657.50. This trade 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 is available through the SEC website. Also, SVP Dale Martin Knecht sold 3,848 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the transaction, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 85,317 shares of company stock valued at $2,174,996 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $25.36 on Monday. The stock has a market cap of $2.59 billion, a P/E ratio of 46.96 and a beta of 1.19. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month 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 company’s 50-day simple moving average is $25.33 and its 200 day simple moving average is $22.31.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTMI has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price target on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, February 6th. 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 objective on the 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.