Teacher Retirement System of Texas Purchases 13,690 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Teacher Retirement System of Texas lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,291 shares of the technology company’s stock after purchasing an additional 13,690 shares during the quarter. Teacher Retirement System of Texas’ holdings in TTM Technologies were worth $1,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TTMI. USA Financial Formulas bought a new stake in TTM Technologies in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC boosted its position in shares of TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,220 shares in the last quarter. Quarry LP bought a new stake in TTM Technologies in the third quarter valued at about $34,000. GAMMA Investing LLC raised its position in TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after purchasing an additional 443 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in TTM Technologies during the fourth quarter worth about $83,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTMI has been the topic of several analyst reports. Stifel Nicolaus initiated coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of TTM Technologies in a research note on Friday, March 21st.

TTM Technologies Stock Down 3.5 %

Shares of TTMI opened at $21.54 on Friday. The company has a market capitalization of $2.19 billion, a P/E ratio of 39.89 and a beta of 1.19. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The business’s 50 day simple moving average is $24.21 and its 200-day simple moving average is $22.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Daniel J. Weber sold 15,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the transaction, the executive vice president now owns 95,153 shares of the company’s stock, valued at $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company’s stock, valued at approximately $2,245,859.46. The trade was a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,817 shares of company stock valued at $1,316,006 in the last 90 days. 1.30% of the stock is currently owned by insiders.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.