347,889 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Bought by Norges Bank

Norges Bank bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 347,889 shares of the technology company’s stock, valued at approximately $8,610,000. Norges Bank owned about 0.34% of TTM Technologies at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of TTM Technologies in the fourth quarter valued at about $25,000. Quarry LP acquired a new stake in TTM Technologies in the 3rd quarter valued at approximately $34,000. Smartleaf Asset Management LLC increased its position in TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after buying an additional 1,220 shares during the period. GAMMA Investing LLC lifted its holdings in shares of TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after buying an additional 443 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $83,000. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Trading Down 2.2 %

Shares of TTMI stock opened at $17.57 on Wednesday. The firm has a fifty day moving average of $23.12 and a 200-day moving average of $23.03. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 32.54 and a beta of 1.17. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results 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 net margin of 2.30% and a return on equity of 9.74%. On average, equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on TTMI. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 target price on shares of TTM Technologies in a research note on Friday, March 21st.

Insiders Place Their Bets

In other news, SVP Dale Martin Knecht sold 3,848 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now directly owns 86,346 shares of the company’s stock, valued at $2,245,859.46. The trade was a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,817 shares of company stock worth $1,316,006 over the last three months. 1.30% of the stock is currently owned by corporate insiders.

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.