Proficio Capital Partners LLC Invests $295,000 in TTM Technologies, Inc. (NASDAQ:TTMI)

Proficio Capital Partners LLC purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI) during the 4th quarter, HoldingsChannel reports. The fund purchased 11,930 shares of the technology company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in TTM Technologies by 75.6% in the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after acquiring an additional 99,512 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of TTM Technologies by 391.6% in the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after purchasing an additional 781,058 shares during the last quarter. Quantbot Technologies LP purchased a new position in TTM Technologies during the third quarter worth approximately $847,000. Allspring Global Investments Holdings LLC boosted its stake in TTM Technologies by 33.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock worth $993,000 after buying an additional 9,980 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in TTM Technologies by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company’s stock worth $12,238,000 after buying an additional 13,918 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Trading Down 2.5 %

TTMI opened at $22.32 on Thursday. The stock has a market capitalization of $2.27 billion, a PE ratio of 41.33 and a beta of 1.19. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The business’s 50 day moving average price is $24.30 and its 200 day moving average price is $22.93.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. As a group, equities research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on TTMI. Stifel Nicolaus started coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $33.00 price objective on shares of TTM Technologies in a research report on Friday, March 21st.

Insider Buying and Selling at TTM Technologies

In other news, EVP Catherine A. Gridley sold 6,000 shares of TTM Technologies stock in a transaction on Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the sale, the executive vice president now directly owns 125,206 shares of the company’s stock, valued at approximately $3,286,657.50. The trade was a 4.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the sale, the executive vice president now owns 95,153 shares in the company, valued at $2,506,330.02. This represents a 13.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock valued at $1,316,006 over the last 90 days. 1.30% of the stock is owned by insiders.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.