Campbell & CO Investment Adviser LLC Takes $627,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Campbell & CO Investment Adviser LLC acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMIFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 39,684 shares of the technology company’s stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TTMI. Allianz Asset Management GmbH boosted its holdings in shares of TTM Technologies by 169.2% during the 4th quarter. Allianz Asset Management GmbH now owns 137,014 shares of the technology company’s stock worth $2,166,000 after buying an additional 86,112 shares during the period. Norges Bank bought a new stake in shares of TTM Technologies during the 4th quarter worth about $10,616,000. Panagora Asset Management Inc. boosted its holdings in shares of TTM Technologies by 36.3% during the 4th quarter. Panagora Asset Management Inc. now owns 472,739 shares of the technology company’s stock worth $7,474,000 after buying an additional 125,810 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of TTM Technologies by 8.7% during the 4th quarter. First Eagle Investment Management LLC now owns 551,941 shares of the technology company’s stock worth $8,726,000 after buying an additional 44,125 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of TTM Technologies by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,299,477 shares of the technology company’s stock worth $131,216,000 after buying an additional 121,498 shares during the period. Institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of TTM Technologies in a report on Thursday, May 2nd. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $19.00 in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $18.17.

Read Our Latest Research Report on TTM Technologies

Insider Activity

In other news, insider Anthony Joseph Sandeen sold 23,683 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $17.53, for a total value of $415,162.99. Following the completion of the transaction, the insider now directly owns 28,056 shares in the company, valued at approximately $491,821.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Anthony Joseph Sandeen sold 23,683 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the completion of the transaction, the insider now directly owns 28,056 shares in the company, valued at approximately $491,821.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 7,029 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $18.14, for a total transaction of $127,506.06. Following the transaction, the senior vice president now owns 90,024 shares of the company’s stock, valued at $1,633,035.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,712 shares of company stock worth $992,919. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Trading Down 0.5 %

Shares of TTM Technologies stock opened at $18.51 on Friday. TTM Technologies, Inc. has a twelve month low of $11.14 and a twelve month high of $19.00. The company has a current ratio of 2.09, a quick ratio of 1.77 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $16.52 and a two-hundred day simple moving average of $15.49.

TTM Technologies (NASDAQ:TTMIGet Free Report) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $570.11 million during the quarter, compared to analysts’ expectations of $553.01 million. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. Equities research analysts predict that TTM Technologies, Inc. will post 1.29 EPS for the current year.

About TTM Technologies

(Free Report)

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.

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

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