Raymond James Financial Inc. Makes New Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Raymond James Financial Inc. bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 132,899 shares of the technology company’s stock, valued at approximately $3,289,000.

Other institutional investors and hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new position in shares of TTM Technologies during the 4th quarter worth about $25,000. Quarry LP bought a new stake in shares of TTM Technologies in the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC grew its holdings in shares of TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,220 shares in the last quarter. GAMMA Investing LLC increased its position in shares of TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after purchasing an additional 443 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of TTM Technologies in the fourth quarter valued at $83,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Price Performance

Shares of TTMI stock opened at $21.54 on Friday. The stock’s fifty day simple moving average is $24.21 and its 200 day simple moving average is $22.92. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 39.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71.

TTM Technologies (NASDAQ:TTMI) last issued its 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 net margin of 2.30% and a return on equity of 9.74%. On average, analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

TTMI has been the topic of a number of recent research reports. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of TTM Technologies in a research report on Friday, March 21st.

Insiders Place Their Bets

In other news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now owns 86,346 shares in the company, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares of the company’s stock, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,817 shares of company stock valued at $1,316,006. 1.30% of the stock is currently owned by insiders.

About TTM Technologies

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.