Carrera Capital Advisors Acquires Shares of 46,555 TTM Technologies, Inc. (NASDAQ:TTMI)

Carrera Capital Advisors bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 46,555 shares of the technology company’s stock, valued at approximately $1,152,000.

A number of other large investors also recently modified their holdings of TTMI. Creative Planning lifted its position in TTM Technologies by 20.1% during the 3rd quarter. Creative Planning now owns 20,409 shares of the technology company’s stock valued at $372,000 after purchasing an additional 3,420 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in TTM Technologies by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after buying an additional 659 shares during the period. Covestor Ltd boosted its stake in TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,900 shares during the last quarter. Versor Investments LP grew its holdings in TTM Technologies by 254.7% during the 3rd quarter. Versor Investments LP now owns 49,300 shares of the technology company’s stock worth $900,000 after acquiring an additional 35,400 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of TTM Technologies during the 3rd quarter valued at $278,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Daniel J. Weber sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 95,153 shares of the company’s stock, valued at $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the sale, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,302 shares of company stock worth $1,453,471 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several recent research reports. Needham & Company LLC raised their price target on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus assumed coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price on the stock.

TTM Technologies Trading Down 0.7 %

Shares of NASDAQ TTMI opened at $22.76 on Wednesday. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 42.15 and a beta of 1.19. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average is $25.12 and its 200-day moving average is $22.59.

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, topping 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%. Equities research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies Company 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.