Louisiana State Employees Retirement System Buys Shares of 51,200 TTM Technologies, Inc. (NASDAQ:TTMI)

Louisiana State Employees Retirement System bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 51,200 shares of the technology company’s stock, valued at approximately $809,000. Louisiana State Employees Retirement System owned about 0.05% of TTM Technologies as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TTMI. AXQ Capital LP bought a new stake in shares of TTM Technologies during the 3rd quarter valued at $144,000. Robeco Institutional Asset Management B.V. raised its position in shares of TTM Technologies by 207.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company’s stock valued at $209,000 after acquiring an additional 10,932 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of TTM Technologies during the 3rd quarter valued at $233,000. Dark Forest Capital Management LP bought a new stake in shares of TTM Technologies during the 3rd quarter valued at $278,000. Finally, Inspire Investing LLC raised its position in shares of TTM Technologies by 5.1% during the 3rd quarter. Inspire Investing LLC now owns 23,697 shares of the technology company’s stock valued at $305,000 after acquiring an additional 1,150 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

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

TTM Technologies Price Performance

TTMI opened at $15.13 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.03 and a debt-to-equity ratio of 0.61. TTM Technologies, Inc. has a 12 month low of $11.13 and a 12 month high of $16.53. The company has a fifty day simple moving average of $14.78 and a 200 day simple moving average of $14.50. The stock has a market cap of $1.54 billion, a P/E ratio of -84.05 and a beta of 1.39.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business 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 in the prior year, the company earned $0.36 EPS. On average, research analysts expect that TTM Technologies, Inc. will post 1.28 EPS for the current year.

Insiders Place Their Bets

In other TTM Technologies news, insider Tom Clapprood sold 3,500 shares of the stock in a transaction dated Monday, February 12th. The stock was 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 in the company, valued at approximately $861,310.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

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.