Grantham Mayo Van Otterloo & Co. LLC Invests $230,000 in TTM Technologies, Inc. (NASDAQ:TTMI)

Grantham Mayo Van Otterloo & Co. LLC bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,295 shares of the technology company’s stock, valued at approximately $230,000.

Several other large investors have also recently modified their holdings of TTMI. FMR LLC increased its stake in shares of TTM Technologies by 67.0% in the third quarter. FMR LLC now owns 14,338 shares of the technology company’s stock worth $262,000 after purchasing an additional 5,750 shares in the last quarter. Quarry LP bought a new position in shares of TTM Technologies in the third quarter valued at approximately $34,000. Wellington Management Group LLP boosted its position in shares of TTM Technologies by 1.3% in the third quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company’s stock valued at $25,453,000 after acquiring an additional 18,027 shares during the period. Jane Street Group LLC boosted its position in shares of TTM Technologies by 75.6% in the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after acquiring an additional 99,512 shares during the period. Finally, MML Investors Services LLC bought a new position in shares of TTM Technologies in the third quarter valued at approximately $259,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Trading Up 12.9 %

Shares of TTM Technologies stock opened at $19.84 on Thursday. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The firm has a market cap of $2.02 billion, a PE ratio of 36.74 and a beta of 1.17. 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 50 day simple moving average of $22.93 and a two-hundred day simple moving average of $23.02.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the transaction, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. The trade was a 4.27 % 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 worth $1,316,006. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $33.00 price objective on shares of TTM Technologies in a research report on Friday, March 21st. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price objective for the company.

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.