Stephens Inc. AR bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 31,700 shares of the technology company’s stock, valued at approximately $550,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in TTM Technologies by 17.4% during the 1st quarter. Vanguard Group Inc. now owns 11,833,440 shares of the technology company’s stock worth $190,873,000 after purchasing an additional 1,757,393 shares in the last quarter. FMR LLC increased its holdings in TTM Technologies by 111.0% during the 1st quarter. FMR LLC now owns 2,823,070 shares of the technology company’s stock worth $45,536,000 after purchasing an additional 1,484,825 shares in the last quarter. LSV Asset Management increased its holdings in TTM Technologies by 492.0% during the 2nd 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 in the last quarter. Ameriprise Financial Inc. increased its holdings in TTM Technologies by 80.5% during the 1st quarter. Ameriprise Financial Inc. now owns 2,128,734 shares of the technology company’s stock worth $34,338,000 after purchasing an additional 949,674 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in TTM Technologies by 2.0% during the 1st quarter. Macquarie Group Ltd. now owns 1,950,378 shares of the technology company’s stock worth $31,460,000 after purchasing an additional 38,491 shares in the last quarter. Hedge funds and other institutional investors own 95.16% of the company’s stock.

In other news, 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 directly owns 48,270 shares of the company’s stock, valued at $864,998.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $14.70, for a total transaction of $44,100.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,074 shares of company stock valued at $233,840. 28.40% of the stock is currently owned by insiders.

TTM Technologies, Inc. (TTMI) opened at 14.74 on Tuesday. TTM Technologies, Inc. has a 1-year low of $10.77 and a 1-year high of $19.54. The firm has a market capitalization of $1.50 billion, a P/E ratio of 20.62 and a beta of 1.50. The stock’s 50 day moving average is $14.20 and its 200-day moving average is $16.22.

TTM Technologies (NASDAQ:TTMI) last posted its 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). The business had revenue of $627.20 million for 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 company’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. Analysts forecast that TTM Technologies, Inc. will post $1.53 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “31,700 Shares in TTM Technologies, Inc. (TTMI) Purchased by Stephens Inc. AR” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/09/19/31700-shares-in-ttm-technologies-inc-ttmi-purchased-by-stephens-inc-ar.html.

A number of equities analysts have issued reports on TTMI shares. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a report on Thursday, August 24th. They noted that the move was a valuation call. Zacks Investment Research cut TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, Needham & Company LLC upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. TTM Technologies currently has an average rating of “Buy” and an average price target of $20.13.

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.

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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