Exchange Traded Concepts LLC lifted its stake in TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,749 shares of the technology company's stock after purchasing an additional 2,992 shares during the quarter. Exchange Traded Concepts LLC owned about 0.10% of TTM Technologies worth $1,259,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Kenfarb & CO. bought a new stake in shares of TTM Technologies in the 4th quarter worth approximately $30,000. Counterpoint Mutual Funds LLC raised its holdings in TTM Technologies by 236.9% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 6,172 shares of the technology company's stock worth $91,000 after acquiring an additional 4,340 shares during the last quarter. Captrust Financial Advisors raised its holdings in TTM Technologies by 21.6% in the 1st quarter. Captrust Financial Advisors now owns 12,563 shares of the technology company's stock worth $186,000 after acquiring an additional 2,230 shares during the last quarter. Profund Advisors LLC raised its holdings in TTM Technologies by 24.2% in the 1st quarter. Profund Advisors LLC now owns 14,475 shares of the technology company's stock worth $215,000 after acquiring an additional 2,818 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in TTM Technologies by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 15,037 shares of the technology company's stock worth $223,000 after acquiring an additional 779 shares during the last quarter. 95.83% of the stock is owned by institutional investors.
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TTM Technologies Price Performance
Shares of TTMI opened at $13.18 on Friday. The firm has a market cap of $1.35 billion, a PE ratio of 18.56 and a beta of 1.44. The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $15.07 and a two-hundred day simple moving average of $14.14. TTM Technologies, Inc. has a 1-year low of $9.76 and a 1-year high of $17.49.
TTM Technologies (NASDAQ:TTMI – Get Rating) last announced its earnings results on Wednesday, August 3rd. The technology company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.20. The business had revenue of $625.55 million during the quarter, compared to analyst estimates of $599.04 million. TTM Technologies had a net
margin of 3.15% and a return on equity of 9.30%. On average, equities analysts anticipate that TTM Technologies, Inc. will post 1.46 EPS for the current year.
Insider Buying and Selling at TTM Technologies
In other news, EVP Daniel J. Weber sold 10,000 shares of the company's stock in a transaction on Monday, August 8th. The stock was sold at an average price of $16.36, for a total value of $163,600.00. Following the completion of the sale, the executive vice president now directly owns 84,736 shares in the company, valued at approximately $1,386,280.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TTM Technologies news, SVP William Kent Hardwick sold 5,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $16.29, for a total transaction of $81,450.00. Following the completion of the transaction, the senior vice president now owns 82,889 shares of the company's stock, valued at approximately $1,350,261.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Weber sold 10,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $16.36, for a total transaction of $163,600.00. Following the completion of the transaction, the executive vice president now directly owns 84,736 shares of the company's stock, valued at approximately $1,386,280.96. The disclosure for this sale can be found here. Company insiders own 0.96% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC boosted their price objective on shares of TTM Technologies from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, August 4th.
TTM Technologies Profile
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TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.
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