TTM Technologies, Inc. (NASDAQ:TTMI) Position Lifted by Swiss National Bank

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

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in TTM Technologies in the third quarter worth about $18,600,000. Point72 Hong Kong Ltd acquired a new position in shares of TTM Technologies in the 3rd quarter worth approximately $15,314,000. Victory Capital Management Inc. increased its holdings in shares of 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 acquiring an additional 781,058 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of TTM Technologies by 41.7% during 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 acquiring an additional 367,608 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in TTM Technologies during the third quarter worth $6,479,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Activity

In other news, COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction 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 directly owns 157,528 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, EVP Daniel J. Weber sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the sale, the executive vice president now directly owns 95,153 shares of the company’s stock, valued at $2,506,330.02. The trade was a 13.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,817 shares of company stock valued at $1,316,006. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on TTMI shares. Needham & Company LLC reissued a “buy” rating and set 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 report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective for the company.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $23.42 on Tuesday. 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 market capitalization of $2.38 billion, a PE ratio of 43.37 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. The business’s fifty day moving average price is $24.41 and its two-hundred day moving average price is $22.89.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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, research 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.