Louisiana State Employees Retirement System acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) during the third quarter, according to its most recent filing with the SEC. The firm acquired 48,800 shares of the technology company’s stock, valued at approximately $643,000.
A number of other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp bought a new position in TTM Technologies in the 3rd quarter valued at $852,000. Cim Investment Management Inc. boosted its position in TTM Technologies by 47.0% in the 2nd quarter. Cim Investment Management Inc. now owns 21,869 shares of the technology company’s stock valued at $273,000 after buying an additional 6,991 shares during the last quarter. Captrust Financial Advisors boosted its position in TTM Technologies by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 13,221 shares of the technology company’s stock valued at $165,000 after buying an additional 658 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in TTM Technologies in the 2nd quarter valued at $1,427,000. Finally, Jane Street Group LLC bought a new position in TTM Technologies in the 2nd quarter valued at $339,000. 96.70% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on TTMI shares. Needham & Company LLC reduced their price target on TTM Technologies from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. StockNews.com upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 21st.
TTM Technologies Stock Up 5.2 %
TTM Technologies (NASDAQ:TTMI – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.40 by $0.12. The business had revenue of $671.10 million for the quarter, compared to the consensus estimate of $675.51 million. TTM Technologies had a return on equity of 10.72% and a net margin of 3.92%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. Equities research analysts expect that TTM Technologies, Inc. will post 1.57 earnings per share for the current year.
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.
- Get a free copy of the StockNews.com research report on TTM Technologies (TTMI)
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