Bailard Inc. Buys New Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Bailard Inc. purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 21,300 shares of the technology company’s stock, valued at approximately $337,000.

A number of other institutional investors also recently added to or reduced their stakes in TTMI. AXQ Capital LP bought a new position in shares of TTM Technologies in the third quarter valued at approximately $144,000. Robeco Institutional Asset Management B.V. increased its position in TTM Technologies by 207.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company’s stock valued at $209,000 after acquiring an additional 10,932 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of TTM Technologies in the third quarter worth about $233,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of TTM Technologies by 44.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,892 shares of the technology company’s stock worth $330,000 after purchasing an additional 6,418 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of TTM Technologies in the third quarter valued at approximately $278,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Tom Clapprood sold 3,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $16.48, for a total value of $57,680.00. Following the completion of the transaction, the insider now owns 52,264 shares of the company’s stock, valued at approximately $861,310.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

TTM Technologies stock opened at $15.13 on Monday. The company has a current ratio of 2.03, a quick ratio of 1.73 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.54 billion, a PE ratio of -84.06 and a beta of 1.39. The company’s 50-day moving average is $14.78 and its two-hundred day moving average is $14.53. TTM Technologies, Inc. has a 1 year low of $11.13 and a 1 year high of $16.53.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $569.04 million during the quarter, compared to the consensus estimate of $572.03 million. TTM Technologies had a positive return on equity of 7.83% and a negative net margin of 0.84%. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s revenue was down 7.8% on a year-over-year basis. Equities analysts anticipate that TTM Technologies, Inc. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of TTM Technologies in a report on Wednesday, January 31st.

About TTM Technologies

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.