TTM Technologies, Inc. (NASDAQ:TTMI) Shares Bought by Swiss National Bank

Swiss National Bank grew its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,400 shares of the technology company’s stock after purchasing an additional 6,800 shares during the quarter. Swiss National Bank owned approximately 0.23% of TTM Technologies worth $3,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTMI. Ronald Blue Trust Inc. increased its holdings in shares of TTM Technologies by 286.3% in the 4th quarter. Ronald Blue Trust Inc. now owns 2,345 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,738 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of TTM Technologies by 42.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the technology company’s stock valued at $36,000 after acquiring an additional 800 shares during the period. Signaturefd LLC increased its holdings in shares of TTM Technologies by 30.8% in the 3rd quarter. Signaturefd LLC now owns 6,182 shares of the technology company’s stock valued at $81,000 after acquiring an additional 1,456 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of TTM Technologies by 301.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,281 shares of the technology company’s stock valued at $136,000 after acquiring an additional 7,717 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of TTM Technologies in the 3rd quarter valued at $137,000. Institutional investors and hedge funds own 96.70% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel J. Weber sold 8,600 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $13.51, for a total value of $116,186.00. Following the sale, the executive vice president now directly owns 92,089 shares in the company, valued at approximately $1,244,122.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TTMI. StockNews.com began coverage on shares of TTM Technologies in a research report on Thursday. They issued a “hold” rating on the stock. Needham & Company LLC lowered their price objective on shares of TTM Technologies from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, February 9th. Stifel Nicolaus lowered their price objective on shares of TTM Technologies from $14.00 to $13.00 in a research report on Thursday, May 4th. Finally, TheStreet lowered shares of TTM Technologies from a “b-” rating to a “c+” rating in a research report on Tuesday, February 28th.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $13.01 on Monday. TTM Technologies, Inc. has a one year low of $11.13 and a one year high of $17.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.91 and a current ratio of 2.20. The company’s fifty day moving average is $12.40 and its two-hundred day moving average is $14.17. The firm has a market capitalization of $1.33 billion, a P/E ratio of 18.86 and a beta of 1.47.

TTM Technologies (NASDAQ:TTMI – Get Rating) last released its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). TTM Technologies had a return on equity of 10.36% and a net margin of 2.91%. The business had revenue of $544.40 million during the quarter, compared to analysts’ expectations of $564.48 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. TTM Technologies’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts forecast that TTM Technologies, Inc. will post 0.79 EPS for the current fiscal year.

TTM Technologies Company Profile

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TTM Technologies, Inc engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board (PCB), RF&S Components, and Electro-Mechanical Solutions. The PCB segment consists of fifteen domestic PCB and sub-system plants, five PCB fabrication plants in China, and one in Canada.