Cipher Capital LP lifted its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 46.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 225,479 shares of the technology company’s stock after purchasing an additional 71,689 shares during the period. Cipher Capital LP owned 0.22% of TTM Technologies worth $3,466,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of TTMI. LSV Asset Management lifted its holdings in shares of TTM Technologies by 492.0% during the second quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after purchasing an additional 2,084,668 shares during the period. Vanguard Group Inc. lifted its holdings in shares of TTM Technologies by 9.6% during the second quarter. Vanguard Group Inc. now owns 12,967,044 shares of the technology company’s stock worth $225,108,000 after purchasing an additional 1,133,604 shares during the period. Tocqueville Asset Management L.P. lifted its holdings in shares of TTM Technologies by 106.7% during the third quarter. Tocqueville Asset Management L.P. now owns 2,054,648 shares of the technology company’s stock worth $31,580,000 after purchasing an additional 1,060,396 shares during the period. Hood River Capital Management LLC acquired a new position in shares of TTM Technologies during the third quarter worth $16,278,000. Finally, Peregrine Capital Management LLC acquired a new position in shares of TTM Technologies during the third quarter worth $11,703,000.
A number of equities analysts have recently commented on TTMI shares. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price target on the stock in a report on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, October 26th. J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, ValuEngine downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.50.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction on Friday, August 25th. The shares were sold at an average price of $14.29, for a total transaction of $42,870.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 12,000 shares of company stock valued at $182,190 in the last three months. 28.40% of the stock is owned by insiders.
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Shares of TTM Technologies, Inc. (NASDAQ:TTMI) traded up $0.15 during midday trading on Friday, reaching $16.71. 625,861 shares of the company were exchanged, compared to its average volume of 1,077,526. TTM Technologies, Inc. has a fifty-two week low of $12.76 and a fifty-two week high of $19.54. The company has a market capitalization of $1,701.33, a P/E ratio of 13.26 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.65 and a quick ratio of 1.21.
TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The business had revenue of $666.81 million during the quarter, compared to the consensus estimate of $651.67 million. During the same quarter last year, the firm earned $0.39 earnings per share. TTM Technologies’s quarterly revenue was up 3.9% on a year-over-year basis. analysts anticipate that TTM Technologies, Inc. will post 1.08 earnings per share for the current year.
TTM Technologies Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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