TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 494,446 shares of the technology company’s stock after acquiring an additional 13,918 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of TTM Technologies worth $12,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TTMI. Geode Capital Management LLC raised its holdings in TTM Technologies by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after acquiring an additional 30,738 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of TTM Technologies by 1.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company’s stock worth $25,453,000 after purchasing an additional 18,027 shares during the period. Loomis Sayles & Co. L P boosted its position in TTM Technologies by 41.7% during 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. Massachusetts Financial Services Co. MA acquired a new stake in TTM Technologies during the 3rd quarter valued at $18,600,000. Finally, Point72 Hong Kong Ltd purchased a new stake in TTM Technologies in the 3rd quarter worth approximately $15,314,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTMI has been the subject of several recent research reports. Needham & Company LLC increased 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 assumed coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective on the stock.

Insider Activity

In related news, SVP Dale Martin Knecht sold 3,848 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 owns 86,346 shares in the company, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas L. Soder sold 19,015 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total value of $475,375.00. Following the completion of the sale, the executive vice president now directly owns 185,478 shares in the company, valued at approximately $4,636,950. This represents a 9.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,317 shares of company stock worth $2,053,846. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

Shares of TTMI stock opened at $24.10 on Friday. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company has a market capitalization of $2.46 billion, a P/E ratio of 44.63 and a beta of 1.19. The stock has a 50 day moving average of $25.23 and a two-hundred day moving average of $22.43. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS 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%. As a group, equities analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current 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.