Barclays PLC Buys 48,089 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Barclays PLC lifted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 455,613 shares of the technology company's stock after purchasing an additional 48,089 shares during the period. Barclays PLC owned approximately 0.45% of TTM Technologies worth $11,276,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TTMI. USA Financial Formulas acquired a new stake in shares of TTM Technologies in the fourth quarter worth $25,000. Smartleaf Asset Management LLC increased 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 valued at $35,000 after acquiring an additional 1,220 shares during the last quarter. GAMMA Investing LLC grew its holdings in 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 last quarter. Sterling Capital Management LLC raised its position in shares of TTM Technologies by 808.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after purchasing an additional 2,831 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of TTM Technologies in the fourth quarter worth $83,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Performance

Shares of TTM Technologies stock traded up $0.38 during midday trading on Friday, hitting $20.42. The company had a trading volume of 446,462 shares, compared to its average volume of 759,132. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The business's 50 day simple moving average is $21.30 and its two-hundred day simple moving average is $23.03. The stock has a market cap of $2.08 billion, a PE ratio of 37.81 and a beta of 1.17. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the business'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 sale, the chief operating officer now owns 157,528 shares of the company's stock, valued at $4,026,415.68. The trade was a 13.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Weber sold 15,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the transaction, the executive vice president now owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,817 shares of company stock valued at $1,316,006 in the last quarter. Corporate insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $33.00 target price on shares of TTM Technologies in a research note on Friday, March 21st. Stifel Nicolaus started coverage on TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target on the stock.

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.