TTM Technologies, Inc. (NASDAQ:TTMI) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 670.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,402 shares of the technology company’s stock after acquiring an additional 1,220 shares during the quarter. Smartleaf Asset Management LLC’s holdings in TTM Technologies were worth $35,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in TTM Technologies during the 4th quarter valued at about $25,000. Quarry LP purchased a new position in TTM Technologies during the 3rd quarter valued at about $34,000. Covestor Ltd boosted its holdings in TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,900 shares during the period. GAMMA Investing LLC boosted its holdings in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after acquiring an additional 443 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in TTM Technologies during the 4th quarter valued at about $83,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of research analyst reports. Stifel Nicolaus assumed coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price for the company. Needham & Company LLC lifted their price objective on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th.

Insider Buying and Selling

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares of the company’s stock, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,317 shares of company stock worth $1,303,846 over the last 90 days. 1.30% of the stock is owned by insiders.

TTM Technologies Stock Performance

Shares of TTMI opened at $22.01 on Thursday. The stock has a 50-day simple moving average of $24.82 and a 200-day simple moving average of $22.69. 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 stock has a market capitalization of $2.25 billion, a PE ratio of 40.76 and a beta of 1.19. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41.

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

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.