TTM Technologies, Inc. (TTMI) Shares Bought by Federated Investors Inc. PA
Federated Investors Inc. PA increased its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 4.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 323,588 shares of the technology company’s stock after buying an additional 13,143 shares during the period. Federated Investors Inc. PA owned about 0.32% of TTM Technologies worth $5,617,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in TTMI. Ameriprise Financial Inc. boosted its stake in shares of TTM Technologies by 80.5% in the first quarter. Ameriprise Financial Inc. now owns 2,128,734 shares of the technology company’s stock worth $34,338,000 after buying an additional 949,674 shares during the period. Karp Capital Management Corp acquired a new stake in shares of TTM Technologies during the first quarter worth $508,000. UBS Asset Management Americas Inc. boosted its stake in shares of TTM Technologies by 42.1% in the first quarter. UBS Asset Management Americas Inc. now owns 33,449 shares of the technology company’s stock worth $540,000 after buying an additional 9,907 shares during the period. LS Investment Advisors LLC boosted its stake in shares of TTM Technologies by 245.4% in the first quarter. LS Investment Advisors LLC now owns 10,950 shares of the technology company’s stock worth $177,000 after buying an additional 7,780 shares during the period. Finally, Comerica Bank boosted its stake in shares of TTM Technologies by 77.0% in the first quarter. Comerica Bank now owns 158,557 shares of the technology company’s stock worth $2,691,000 after buying an additional 68,978 shares during the period. Institutional investors own 95.16% of the company’s stock.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at 14.24 on Friday. The stock has a market cap of $1.45 billion, a PE ratio of 19.92 and a beta of 1.46. TTM Technologies, Inc. has a one year low of $10.04 and a one year high of $19.54. The firm has a 50-day moving average of $15.58 and a 200-day moving average of $16.39.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by $0.04. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The business had revenue of $627.20 million during the quarter, compared to the consensus estimate of $625.43 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that TTM Technologies, Inc. will post $1.53 earnings per share for the current fiscal year.
TTMI has been the topic of a number of recent research reports. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective on the stock in a report on Thursday, August 24th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $22.00 price objective on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Needham & Company LLC upped their price objective on shares of TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.13.
In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $18.09, for a total value of $54,270.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel J. Weber sold 3,605 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the sale, the senior vice president now owns 48,270 shares of the company’s stock, valued at approximately $864,998.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,074 shares of company stock valued at $244,010. Company insiders own 28.40% of the company’s stock.
About TTM Technologies
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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