TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 200,500 shares of the technology company’s stock after buying an additional 1,700 shares during the period. Swiss National Bank owned 0.20% of TTM Technologies worth $4,962,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TTMI. Massachusetts Financial Services Co. MA purchased a new position in shares of TTM Technologies during the 3rd quarter worth $18,600,000. Point72 Hong Kong Ltd purchased a new position in TTM Technologies during the third quarter worth about $15,314,000. Victory Capital Management Inc. grew its holdings in TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after buying an additional 781,058 shares during the period. Loomis Sayles & Co. L P grew its holdings in TTM Technologies by 41.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock valued at $22,804,000 after buying an additional 367,608 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of TTM Technologies during the 3rd quarter valued at about $6,479,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Activity at TTM Technologies

In other news, EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the sale, the executive vice president now directly owns 125,206 shares of the company’s stock, valued at approximately $3,286,657.50. The trade was a 4.57 % decrease in their ownership of the stock. The sale 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 the 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 completion of the transaction, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,817 shares of company stock worth $1,316,006. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on TTMI. Needham & Company LLC restated a “buy” rating and issued a $33.00 target price on shares of TTM Technologies in a report on Friday. Stifel Nicolaus started coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective for the company.

TTM Technologies Trading Up 2.9 %

NASDAQ TTMI opened at $23.42 on Tuesday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 43.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The company’s 50 day moving average price is $24.41 and its 200 day moving average price is $22.89.

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, 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%. On average, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.