48,800 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMIGet 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 %

NASDAQ:TTMI opened at $15.86 on Friday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 16.87 and a beta of 1.46. TTM Technologies, Inc. has a 12-month low of $9.76 and a 12-month high of $17.49. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $15.20 and its 200-day simple moving average is $14.53.

TTM Technologies (NASDAQ:TTMIGet 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

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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.

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Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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