Mirae Asset Global Investments Co. Ltd. Increases Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,051 shares of the technology company’s stock after buying an additional 2,476 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in TTM Technologies were worth $728,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TTMI. Charles Schwab Investment Management Inc. raised its position in shares of TTM Technologies by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,845,347 shares of the technology company’s stock worth $23,768,000 after purchasing an additional 84,664 shares during the last quarter. Invesco Ltd. grew its stake in shares of TTM Technologies by 2.7% in the 3rd quarter. Invesco Ltd. now owns 1,478,467 shares of the technology company’s stock valued at $19,043,000 after buying an additional 39,445 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in shares of TTM Technologies by 58.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,425,000 shares of the technology company’s stock valued at $18,354,000 after buying an additional 525,000 shares during the period. Wellington Management Group LLP purchased a new stake in shares of TTM Technologies in the 3rd quarter valued at approximately $13,051,000. Finally, SG Capital Management LLC grew its stake in shares of TTM Technologies by 34.5% in the 3rd quarter. SG Capital Management LLC now owns 575,499 shares of the technology company’s stock valued at $7,412,000 after buying an additional 147,549 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $14.62 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.73 and a current ratio of 2.03. The stock has a market capitalization of $1.49 billion, a P/E ratio of -81.22 and a beta of 1.39. The company has a 50 day moving average price of $14.81 and a 200 day moving average price of $14.48. TTM Technologies, Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $16.53.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $569.04 million during the quarter, compared to analysts’ expectations of $572.03 million. TTM Technologies had a negative net margin of 0.84% and a positive return on equity of 7.83%. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.36 EPS. Equities research analysts forecast that TTM Technologies, Inc. will post 1.28 EPS for the current year.

Insider Buying and Selling

In related news, insider Tom Clapprood sold 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.48, for a total transaction of $57,680.00. Following the completion of the transaction, the insider now owns 52,264 shares of the company’s stock, valued at approximately $861,310.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.