TTM Technologies, Inc. (NASDAQ:TTMI) Shares Bought by Rhumbline Advisers

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Rhumbline Advisers boosted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 9.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 315,826 shares of the technology company’s stock after acquiring an additional 26,645 shares during the quarter. Rhumbline Advisers owned about 0.30% of TTM Technologies worth $3,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of TTM Technologies by 6.3% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 34,160 shares of the technology company’s stock valued at $348,000 after buying an additional 2,028 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at about $535,000. CWM Advisors LLC lifted its holdings in shares of TTM Technologies by 30.4% in the 2nd quarter. CWM Advisors LLC now owns 17,290 shares of the technology company’s stock valued at $176,000 after buying an additional 4,030 shares during the period. Eqis Capital Management Inc. lifted its holdings in shares of TTM Technologies by 43.3% in the 2nd quarter. Eqis Capital Management Inc. now owns 23,770 shares of the technology company’s stock valued at $242,000 after buying an additional 7,185 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of TTM Technologies by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 145,597 shares of the technology company’s stock valued at $1,485,000 after buying an additional 2,285 shares during the period.

In related news, EVP Tai Keung Chung sold 29,839 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $10.58, for a total value of $315,696.62. Following the transaction, the executive vice president now directly owns 48,518 shares in the company, valued at $513,320.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel J. Weber sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $10.70, for a total value of $214,000.00. Following the completion of the transaction, the senior vice president now owns 57,734 shares in the company, valued at $617,753.80. The disclosure for this sale can be found here. Insiders sold 74,939 shares of company stock worth $784,007 over the last quarter. 6.90% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on TTMI shares. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday. B. Riley started coverage on TTM Technologies in a report on Thursday, September 5th. They issued a “buy” rating and a $17.75 price objective for the company. Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Stifel Nicolaus boosted their price objective on TTM Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, ValuEngine raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.69.

NASDAQ TTMI opened at $12.81 on Friday. TTM Technologies, Inc. has a twelve month low of $8.49 and a twelve month high of $13.92. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.28 and a beta of 2.51. The stock has a 50-day moving average of $12.30 and a 200 day moving average of $10.97. The company has a current ratio of 1.92, a quick ratio of 1.73 and a debt-to-equity ratio of 1.18.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). TTM Technologies had a net margin of 2.56% and a return on equity of 5.56%. The business had revenue of $716.80 million during the quarter, compared to analyst estimates of $709.49 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. Equities analysts predict that TTM Technologies, Inc. will post 0.24 EPS for the current fiscal year.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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

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