TTM Technologies, Inc. (NASDAQ:TTMI) Stake Lifted by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,357 shares of the technology company’s stock after purchasing an additional 5,174 shares during the period. Segall Bryant & Hamill LLC owned 0.19% of TTM Technologies worth $4,711,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its stake in shares of TTM Technologies by 26.8% in the 4th quarter. Prudential Financial Inc. now owns 583,727 shares of the technology company’s stock worth $14,447,000 after buying an additional 123,470 shares in the last quarter. Emerald Advisers LLC raised its position in TTM Technologies by 42.9% in the fourth quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company’s stock worth $26,535,000 after acquiring an additional 321,853 shares in the last quarter. LPL Financial LLC lifted its holdings in TTM Technologies by 27.8% in the 4th quarter. LPL Financial LLC now owns 25,997 shares of the technology company’s stock valued at $643,000 after acquiring an additional 5,661 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of TTM Technologies during the 4th quarter valued at about $675,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of TTM Technologies in the 4th quarter worth approximately $512,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on TTMI shares. 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 set a $33.00 price objective on shares of TTM Technologies in a research report on Friday, March 21st.

Insider Buying and Selling

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the 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 owns 86,346 shares in the company, valued at $2,245,859.46. This represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 50,817 shares of company stock valued at $1,316,006. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

TTM Technologies stock opened at $21.54 on Friday. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The firm’s 50 day simple moving average is $24.21 and its 200-day simple moving average is $22.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The company has a market cap of $2.19 billion, a P/E ratio of 39.89 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data 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 net margin of 2.30% and a return on equity of 9.74%. As a group, equities research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.