TTM Technologies, Inc. (TTMI) Holdings Boosted by LSV Asset Management
LSV Asset Management raised its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 492.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,508,368 shares of the technology company’s stock after buying an additional 2,084,668 shares during the quarter. LSV Asset Management owned about 2.47% of TTM Technologies worth $43,545,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in TTM Technologies in the 1st quarter valued at about $101,000. Pacad Investment Ltd. bought a new position in TTM Technologies in the 2nd quarter valued at about $133,000. State of Alaska Department of Revenue increased its holdings in TTM Technologies by 1.5% in the 1st quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company’s stock valued at $150,000 after buying an additional 140 shares during the period. Sei Investments Co. increased its holdings in TTM Technologies by 197.1% in the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after buying an additional 6,127 shares during the period. Finally, Eqis Capital Management Inc. bought a new position in TTM Technologies in the 1st quarter valued at about $167,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Daniel J. Weber sold 3,605 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $17.92, for a total value of $64,601.60. Following the transaction, the senior vice president now directly owns 48,270 shares in the company, valued at $864,998.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $18.43, for a total transaction of $55,290.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,074 shares of company stock worth $244,010. 28.40% of the stock is owned by company insiders.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at 14.77 on Friday. TTM Technologies, Inc. has a 1-year low of $10.15 and a 1-year high of $19.54. The stock has a 50 day moving average of $14.91 and a 200-day moving average of $16.29. The firm has a market capitalization of $1.50 billion, a P/E ratio of 20.66 and a beta of 1.50.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company had revenue of $627.20 million during the quarter, compared to the consensus estimate of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, equities analysts expect that TTM Technologies, Inc. will post $1.53 earnings per share for the current year.
Several equities analysts have commented on the stock. ValuEngine lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Needham & Company LLC raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Monday, August 7th. Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “hold” rating and issued a $17.50 target price on shares of TTM Technologies in a report on Thursday, August 3rd. Finally, BidaskClub downgraded shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $20.13.
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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