Martingale Asset Management L P Invests $1.53 Million in TTM Technologies, Inc. (NASDAQ:TTMI)

Martingale Asset Management L P purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 61,855 shares of the technology company’s stock, valued at approximately $1,531,000. Martingale Asset Management L P owned approximately 0.06% of TTM Technologies at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of TTM Technologies in the 4th quarter worth about $25,000. Smartleaf Asset Management LLC grew its stake in TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after buying an additional 1,220 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after buying an additional 443 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of TTM Technologies in the fourth quarter valued at approximately $83,000. Finally, Meeder Asset Management Inc. bought a new position in shares of TTM Technologies in the fourth quarter valued at approximately $89,000. 95.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TTMI shares. Stifel Nicolaus started coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $33.00 target price on shares of TTM Technologies in a research note on Friday, March 21st.

Insider Transactions at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of the firm’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 sale, the chief operating officer now directly owns 157,528 shares in the company, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of the business’s stock in a transaction dated 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 approximately $2,245,859.46. This trade represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,817 shares of company stock valued at $1,316,006 over the last 90 days. 1.30% of the stock is owned by company insiders.

TTM Technologies Price Performance

TTMI opened at $18.65 on Friday. The company has a fifty day moving average price of $22.70 and a two-hundred day moving average price of $23.02. The firm has a market capitalization of $1.90 billion, a PE ratio of 34.54 and a beta of 1.17. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

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.