BNP Paribas Arbitrage SA Raises Stake in TTM Technologies, Inc. (TTMI)
BNP Paribas Arbitrage SA boosted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 7.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,918 shares of the technology company’s stock after buying an additional 9,587 shares during the period. BNP Paribas Arbitrage SA owned about 0.14% of TTM Technologies worth $2,464,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Karp Capital Management Corp purchased a new stake in TTM Technologies during the first quarter worth approximately $508,000. UBS Asset Management Americas Inc. increased its stake in 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 increased its stake in 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. Comerica Bank increased its stake in 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. Finally, 361 Capital LLC purchased a new stake in TTM Technologies during the first quarter worth approximately $171,000. 95.16% of the stock is owned by hedge funds and other institutional investors.
TTM Technologies, Inc. (NASDAQ:TTMI) opened at 14.06 on Thursday. The firm has a market capitalization of $1.43 billion, a P/E ratio of 19.66 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 price of $16.01 and a 200-day moving average price of $16.45.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The business had revenue of $627.20 million for the quarter, compared to analyst estimates of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities analysts anticipate that TTM Technologies, Inc. will post $1.53 earnings per share for the current year.
A number of research firms recently commented on TTMI. BidaskClub raised 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 target price for the stock from $18.50 to $19.00 in a report on Friday, July 28th. Needham & Company LLC lifted their target price on TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 9th. TheStreet raised TTM Technologies from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Finally, Zacks Investment Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.13.
In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $18.09, for a total transaction of $54,270.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel J. Weber sold 3,605 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total value of $64,601.60. Following the transaction, the senior vice president now owns 48,270 shares of the company’s stock, valued at $864,998.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,074 shares of company stock valued at $244,010. Insiders own 28.40% of the company’s stock.
TTM Technologies Company 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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