Bank of Montreal Can Invests $282,000 in TTM Technologies, Inc. (NASDAQ:TTMI)

Bank of Montreal Can purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,399 shares of the technology company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas purchased a new stake in shares of TTM Technologies in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its holdings 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 valued at $35,000 after purchasing an additional 1,220 shares in the last quarter. GAMMA Investing LLC increased its position in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after purchasing an additional 443 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of TTM Technologies during the 4th quarter worth approximately $83,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of TTM Technologies during the 4th quarter worth approximately $89,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price objective on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus started coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price on the stock.

Insider Transactions at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction 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 trade represents a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 95,153 shares of the company’s stock, valued at $2,506,330.02. The trade was a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,817 shares of company stock valued at $1,316,006 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

TTMI opened at $20.04 on Friday. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The stock has a market cap of $2.04 billion, a P/E ratio of 37.11 and a beta of 1.17. The stock’s 50 day simple moving average is $21.41 and its 200 day simple moving average is $23.02. 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 earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

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.