Legal & General Group Plc grew its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 18.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,454 shares of the technology company’s stock after purchasing an additional 25,894 shares during the period. Legal & General Group Plc owned about 0.16% of TTM Technologies worth $2,838,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. State of Wisconsin Investment Board lifted its stake in TTM Technologies by 18.7% during the second quarter. State of Wisconsin Investment Board now owns 748,267 shares of the technology company’s stock worth $12,990,000 after purchasing an additional 117,876 shares during the last quarter. Pitcairn Co. bought a new stake in TTM Technologies during the second quarter worth about $207,000. ClariVest Asset Management LLC lifted its stake in TTM Technologies by 28.1% during the second quarter. ClariVest Asset Management LLC now owns 457,362 shares of the technology company’s stock worth $7,939,000 after purchasing an additional 100,200 shares during the last quarter. Sigma Planning Corp bought a new stake in TTM Technologies during the second quarter worth about $176,000. Finally, Rhumbline Advisers lifted its stake in TTM Technologies by 17.4% during the second quarter. Rhumbline Advisers now owns 177,212 shares of the technology company’s stock worth $3,076,000 after purchasing an additional 26,245 shares during the last quarter. 95.16% of the stock is owned by hedge funds and other institutional investors.

In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $14.70, for a total value of $44,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel J. Weber sold 3,605 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was 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 approximately $864,998.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,074 shares of company stock valued at $233,840. 28.40% of the stock is owned by insiders.

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Several research firms have recently commented on TTMI. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Stifel Nicolaus downgraded TTM Technologies from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $18.50 to $19.00 in a report on Friday, July 28th. Needham & Company LLC lifted their price objective on TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 9th. ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.13.

TTM Technologies, Inc. (NASDAQ TTMI) opened at 14.74 on Tuesday. TTM Technologies, Inc. has a 12-month low of $10.77 and a 12-month high of $19.54. The stock has a market cap of $1.50 billion, a P/E ratio of 20.62 and a beta of 1.50. The stock has a 50 day moving average price of $14.20 and a 200 day moving average price of $16.22.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the Zacks’ 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 period in the previous year, the business posted $0.28 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that TTM Technologies, Inc. will post $1.53 earnings per share for the current fiscal year.

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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