Mutual of America Capital Management LLC Grows Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Mutual of America Capital Management LLC raised its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 192,416 shares of the technology company’s stock after buying an additional 27,333 shares during the period. Mutual of America Capital Management LLC owned about 0.19% of TTM Technologies worth $3,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of TTM Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 11,435,839 shares of the technology company’s stock worth $169,479,000 after purchasing an additional 208,288 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TTM Technologies by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 7,498,091 shares of the technology company’s stock worth $111,122,000 after purchasing an additional 162,694 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of TTM Technologies by 0.4% during the first quarter. Macquarie Group Ltd. now owns 5,688,334 shares of the technology company’s stock worth $76,736,000 after purchasing an additional 22,880 shares in the last quarter. State Street Corp increased its stake in shares of TTM Technologies by 1.1% during the third quarter. State Street Corp now owns 4,095,940 shares of the technology company’s stock worth $53,984,000 after purchasing an additional 46,541 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of TTM Technologies by 16.1% during the second quarter. Alliancebernstein L.P. now owns 3,568,586 shares of the technology company’s stock worth $49,603,000 after purchasing an additional 494,405 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Down 0.3 %

Shares of NASDAQ TTMI opened at $14.07 on Friday. TTM Technologies, Inc. has a 12-month low of $11.13 and a 12-month high of $16.53. The stock has a market cap of $1.43 billion, a PE ratio of -78.16 and a beta of 1.39. The company has a current ratio of 2.03, a quick ratio of 1.73 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $14.91 and a 200 day moving average of $14.43.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.05. TTM Technologies had a negative net margin of 0.84% and a positive return on equity of 7.83%. The company had revenue of $569.04 million during the quarter, compared to analysts’ expectations of $572.03 million. During the same quarter in the prior year, the company earned $0.36 EPS. TTM Technologies’s revenue was down 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “buy” rating and set a $19.00 target price on shares of TTM Technologies in a research note on Wednesday, January 31st.

Insider Activity at TTM Technologies

In other TTM Technologies news, insider Tom Clapprood sold 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $16.48, for a total value of $57,680.00. Following the transaction, the insider now directly owns 52,264 shares in the company, valued at approximately $861,310.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by corporate insiders.

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.