TTM Technologies, Inc. (TTMI) Position Raised by American International Group Inc.

American International Group Inc. increased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,089 shares of the technology company’s stock after purchasing an additional 4,778 shares during the quarter. American International Group Inc. owned approximately 0.07% of TTM Technologies worth $1,123,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Riverhead Capital Management LLC grew its holdings in TTM Technologies by 71.5% during the second quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after acquiring an additional 2,860 shares during the period. Simplex Trading LLC acquired a new position in TTM Technologies during the third quarter worth $120,000. Pacad Investment Ltd. acquired a new position in TTM Technologies during the second quarter worth $133,000. Ameritas Investment Partners Inc. grew its holdings in TTM Technologies by 29.6% during the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after acquiring an additional 1,852 shares during the period. Finally, Sei Investments Co. grew its holdings in TTM Technologies by 197.1% during the second quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after acquiring an additional 6,127 shares during the period.

In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $16.07, for a total transaction of $48,210.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 9,000 shares of company stock worth $143,520. Corporate insiders own 28.40% of the company’s stock.

A number of brokerages recently weighed in on TTMI. SunTrust Banks began coverage on TTM Technologies in a report on Thursday, December 14th. They set a “buy” rating and a $20.00 price objective on the stock. BidaskClub lowered TTM Technologies from a “hold” rating to a “sell” rating in a report on Monday, December 11th. Zacks Investment Research raised TTM Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $17.50 price objective on shares of TTM Technologies in a research note on Wednesday, November 1st. Finally, ValuEngine lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.38.

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) opened at $16.52 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.65. The company has a market capitalization of $1,663.66, a price-to-earnings ratio of 12.97 and a beta of 1.55. TTM Technologies, Inc. has a 52 week low of $12.76 and a 52 week high of $19.54.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The business had revenue of $666.81 million for 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 for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. research analysts expect that TTM Technologies, Inc. will post 1.08 EPS for the current year.

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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.

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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