Zurcher Kantonalbank Zurich Cantonalbank Has $330,000 Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 44.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,892 shares of the technology company’s stock after acquiring an additional 6,418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TTM Technologies were worth $330,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in TTM Technologies by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,845,347 shares of the technology company’s stock worth $23,768,000 after acquiring an additional 84,664 shares during the last quarter. Invesco Ltd. increased its holdings in shares of TTM Technologies by 2.7% during the third quarter. Invesco Ltd. now owns 1,478,467 shares of the technology company’s stock worth $19,043,000 after purchasing an additional 39,445 shares during the period. Adage Capital Partners GP L.L.C. increased its holdings in shares of TTM Technologies by 58.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,425,000 shares of the technology company’s stock worth $18,354,000 after purchasing an additional 525,000 shares during the period. Wellington Management Group LLP bought a new position in shares of TTM Technologies during the third quarter worth approximately $13,051,000. Finally, SG Capital Management LLC increased its holdings in shares of TTM Technologies by 34.5% during the third quarter. SG Capital Management LLC now owns 575,499 shares of the technology company’s stock worth $7,412,000 after purchasing an additional 147,549 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, insider Tom Clapprood sold 3,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 52,264 shares in the company, valued at $861,310.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $17.31 on Friday. The company’s 50 day simple moving average is $14.81 and its 200 day simple moving average is $14.61. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -865.50 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.09 and a quick ratio of 1.73. TTM Technologies, Inc. has a 1 year low of $11.14 and a 1 year high of $17.32.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $569.04 million for the quarter, compared to analysts’ expectations of $572.03 million. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. As a group, research analysts predict that TTM Technologies, Inc. will post 1.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TTMI. Stifel Nicolaus raised shares of TTM Technologies from a “hold” rating to a “buy” rating and raised their target price for the stock from $15.00 to $19.00 in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of TTM Technologies in a report on Thursday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $18.17.

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.