FMR LLC boosted its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 111.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,823,070 shares of the technology company’s stock after buying an additional 1,484,825 shares during the period. FMR LLC owned 2.81% of TTM Technologies worth $45,536,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in TTMI. Wellington Management Group LLP boosted its stake in TTM Technologies by 15.8% in the first quarter. Wellington Management Group LLP now owns 224,139 shares of the technology company’s stock valued at $3,615,000 after buying an additional 30,499 shares in the last quarter. Principal Financial Group Inc. boosted its stake in TTM Technologies by 3.0% in the first quarter. Principal Financial Group Inc. now owns 690,203 shares of the technology company’s stock valued at $11,133,000 after buying an additional 20,061 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in TTM Technologies by 3.9% in the first quarter. OppenheimerFunds Inc. now owns 118,045 shares of the technology company’s stock valued at $1,904,000 after buying an additional 4,392 shares in the last quarter. Credit Agricole S A bought a new stake in TTM Technologies during the first quarter valued at about $2,052,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in TTM Technologies by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 39,390 shares of the technology company’s stock valued at $636,000 after buying an additional 230 shares in the last quarter.
Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at 18.48 on Tuesday. The company has a market capitalization of $1.88 billion, a PE ratio of 25.96 and a beta of 1.47. TTM Technologies, Inc. has a 12 month low of $7.92 and a 12 month high of $18.85. The firm has a 50-day moving average of $17.16 and a 200 day moving average of $15.95.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.13. The firm had revenue of $625.20 million during the quarter, compared to the consensus estimate of $615 million. TTM Technologies had a return on equity of 18.17% and a net margin of 2.92%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. On average, equities research analysts expect that TTM Technologies, Inc. will post $1.70 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on the stock. Needham & Company LLC raised their target price on shares of TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. J P Morgan Chase & Co upgraded shares of TTM Technologies from a “neutral” rating to an “overweight” rating and set a $21.00 price target on the stock in a report on Tuesday, April 4th. Zacks Investment Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, TheStreet lowered shares of TTM Technologies from a “b-” rating to a “c” rating in a report on Wednesday, March 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $19.75.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel J. Weber sold 3,605 shares of TTM Technologies 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 sale, the senior vice president now directly 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 90 days, insiders sold 11,074 shares of company stock valued at $194,600. Corporate 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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