Northern Trust Corp Boosts Holdings in TTM Technologies, Inc. (TTMI)
Northern Trust Corp grew its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,280,175 shares of the technology company’s stock after buying an additional 4,082 shares during the period. Northern Trust Corp’s holdings in TTM Technologies were worth $12,456,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of TTMI. Oregon Public Employees Retirement Fund acquired a new stake in TTM Technologies during the fourth quarter worth approximately $35,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in TTM Technologies by 39.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,091 shares of the technology company’s stock worth $91,000 after purchasing an additional 2,849 shares during the period. Miles Capital Inc. acquired a new stake in TTM Technologies during the fourth quarter worth approximately $101,000. Quantamental Technologies LLC acquired a new stake in TTM Technologies during the fourth quarter worth approximately $141,000. Finally, Sensato Investors LLC acquired a new stake in TTM Technologies during the third quarter worth approximately $194,000.
Several research firms recently commented on TTMI. ValuEngine raised TTM Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 24th. BidaskClub cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. TTM Technologies has a consensus rating of “Buy” and a consensus target price of $20.67.
TTMI stock opened at $12.62 on Wednesday. TTM Technologies, Inc. has a twelve month low of $8.97 and a twelve month high of $19.91. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.79. The company has a market capitalization of $1.34 billion, a PE ratio of 9.14 and a beta of 2.26.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 6th. The technology company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 15.10% and a net margin of 6.10%. The company had revenue of $711.00 million for the quarter, compared to analyst estimates of $710.84 million. During the same quarter last year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities research analysts anticipate that TTM Technologies, Inc. will post 0.53 EPS for the current fiscal year.
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About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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