Sheaff Brock Investment Advisors LLC Acquires Shares of 53,431 TTM Technologies, Inc. (NASDAQ:TTMI)

Sheaff Brock Investment Advisors LLC purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 53,431 shares of the technology company’s stock, valued at approximately $928,000. Sheaff Brock Investment Advisors LLC owned about 0.05% of TTM Technologies at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TTMI. LSV Asset Management boosted its position in TTM Technologies by 492.0% during the 2nd quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after buying an additional 2,084,668 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in TTM Technologies by 215.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 35,928 shares of the technology company’s stock worth $624,000 after buying an additional 24,550 shares during the period. Cipher Capital LP boosted its position in TTM Technologies by 82.5% during the 2nd quarter. Cipher Capital LP now owns 153,790 shares of the technology company’s stock worth $2,670,000 after buying an additional 69,510 shares during the period. Swiss National Bank boosted its position in TTM Technologies by 7.4% during the 2nd quarter. Swiss National Bank now owns 142,100 shares of the technology company’s stock worth $2,467,000 after buying an additional 9,800 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in TTM Technologies during the 2nd quarter worth approximately $133,000. 95.16% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on TTMI shares. ValuEngine downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price target on the stock in a research report on Thursday, August 24th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a research report on Wednesday, August 16th. BidaskClub downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Needham & Company LLC boosted their price target on shares of TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. TTM Technologies currently has an average rating of “Buy” and an average target price of $20.13.

In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $18.43, for a total transaction of $55,290.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel J. Weber sold 3,605 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total value of $64,601.60. Following the transaction, the senior vice president now owns 48,270 shares in the company, valued at approximately $864,998.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,074 shares of company stock worth $233,840. Company insiders own 28.40% of the company’s stock.

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Shares of TTM Technologies, Inc. (NASDAQ TTMI) opened at 15.59 on Friday. The firm’s 50-day moving average is $14.12 and its 200-day moving average is $16.21. TTM Technologies, Inc. has a 52 week low of $10.77 and a 52 week high of $19.54. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 21.80 and a beta of 1.50.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $627.20 million during the quarter, compared to analysts’ expectations of $625.43 million. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 EPS. Equities research analysts predict that TTM Technologies, Inc. will post $1.53 earnings per share for the current year.

About TTM Technologies

TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.

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

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