Canada Pension Plan Investment Board Acquires New Shares in TTM Technologies, Inc. (NASDAQ:TTMI)

Canada Pension Plan Investment Board purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,100 shares of the technology company's stock, valued at approximately $324,000.

Several other hedge funds have also added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of TTM Technologies by 532.1% in the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock valued at $48,454,000 after purchasing an additional 1,648,017 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TTM Technologies by 50.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock worth $37,971,000 after acquiring an additional 515,015 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of TTM Technologies by 5.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company's stock worth $32,491,000 after acquiring an additional 63,230 shares during the period. Portolan Capital Management LLC grew its position in shares of TTM Technologies by 22.6% in the fourth quarter. Portolan Capital Management LLC now owns 1,301,342 shares of the technology company's stock valued at $32,208,000 after purchasing an additional 239,972 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in shares of TTM Technologies by 42.9% during the fourth quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company's stock worth $26,535,000 after purchasing an additional 321,853 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

Analyst Ratings Changes

TTMI has been the subject of several recent research reports. Stifel Nicolaus started coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target for the company. B. Riley upped their price target on shares of TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Needham & Company LLC lifted their price objective on shares of TTM Technologies from $33.00 to $35.00 and gave the stock a "buy" rating in a research note on Thursday.

Insider Activity at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the transaction, the executive vice president now directly owns 95,153 shares of the company's stock, valued at $2,506,330.02. This trade 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 three months. 1.30% of the stock is owned by insiders.

TTM Technologies Price Performance

NASDAQ TTMI traded up $2.92 during midday trading on Thursday, hitting $22.94. The company had a trading volume of 714,935 shares, compared to its average volume of 761,361. The company has a market capitalization of $2.33 billion, a PE ratio of 42.27 and a beta of 1.17. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $20.96 and a 200-day moving average price of $23.06.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The business had revenue of $648.67 million during the quarter, compared to analysts' expectations of $621.44 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. TTM Technologies's revenue was up 13.8% compared to the same quarter last year. As a group, analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies Company 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.