Royce & Associates LP Has $26.04 Million Position in TTM Technologies, Inc. (TTMI)
Royce & Associates LP lifted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,693,949 shares of the technology company’s stock after buying an additional 240,471 shares during the quarter. Royce & Associates LP owned 1.66% of TTM Technologies worth $26,036,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Cipher Capital LP increased its holdings in TTM Technologies by 82.5% during the 2nd quarter. Cipher Capital LP now owns 153,790 shares of the technology company’s stock worth $2,670,000 after purchasing an additional 69,510 shares during the last quarter. Brighton Jones LLC purchased a new stake in TTM Technologies during the 2nd quarter worth approximately $236,000. USA Financial Portformulas Corp increased its holdings in TTM Technologies by 247.3% during the 2nd quarter. USA Financial Portformulas Corp now owns 59,809 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 42,586 shares during the last quarter. Federated Investors Inc. PA increased its holdings in TTM Technologies by 4.2% during the 2nd quarter. Federated Investors Inc. PA now owns 323,588 shares of the technology company’s stock worth $5,617,000 after purchasing an additional 13,143 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in TTM Technologies during the 2nd quarter worth approximately $321,000.
Several research firms have issued reports on TTMI. J P Morgan Chase & Co set a $22.00 price objective on TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. BidaskClub downgraded TTM Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus restated a “buy” rating and set a $17.50 price objective on shares of TTM Technologies in a report on Thursday, September 28th. ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. TTM Technologies currently has a consensus rating of “Buy” and an average price target of $20.50.
Shares of TTM Technologies, Inc. (TTMI) opened at $15.61 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.21 and a debt-to-equity ratio of 1.02. TTM Technologies, Inc. has a twelve month low of $12.76 and a twelve month high of $19.54. The stock has a market capitalization of $1,600.00, a P/E ratio of 12.43 and a beta of 1.55.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $666.81 million during the quarter, compared to analyst estimates of $651.67 million. TTM Technologies had a return on equity of 14.77% and a net margin of 2.78%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. equities analysts anticipate that TTM Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.
In other news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $14.70, for a total value of $44,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 9,000 shares of company stock valued at $139,320. Insiders own 28.40% of the company’s stock.
TTM Technologies 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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