TTM Technologies, Inc. (TTMI) Shares Bought by Legal & General Group Plc
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.
TRADEMARK VIOLATION NOTICE: This report was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/19/ttm-technologies-inc-ttmi-shares-bought-by-legal-general-group-plc.html.
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.
Receive News & Stock Ratings for TTM Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies Inc. and related stocks with our FREE daily email newsletter.