Proficio Capital Partners LLC Buys New Shares in TTM Technologies, Inc. (NASDAQ:TTMI)

Proficio Capital Partners LLC purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,930 shares of the technology company’s stock, valued at approximately $295,000.

Other large investors have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in shares of TTM Technologies during the fourth quarter worth about $25,000. Quarry LP acquired a new stake in TTM Technologies during the 3rd quarter valued at approximately $34,000. Smartleaf Asset Management LLC boosted its holdings in shares of TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,220 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of 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 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 shares of TTM Technologies during the fourth quarter worth $83,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Performance

TTMI opened at $22.32 on Thursday. The stock has a market cap of $2.27 billion, a P/E ratio of 41.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The firm has a fifty day moving average price of $24.30 and a 200 day moving average price of $22.93. 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 (EPS) for the quarter, topping 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%. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on TTMI. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus assumed coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price on the stock.

Insider Activity

In other news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now owns 157,528 shares in the company, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Dale Martin Knecht sold 3,848 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now directly owns 86,346 shares of the company’s stock, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,817 shares of company stock worth $1,316,006 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

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.