EAM Investors LLC Invests $3.81 Million in TTM Technologies, Inc. (NASDAQ:TTMI)

EAM Investors LLC bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 153,936 shares of the technology company's stock, valued at approximately $3,810,000. EAM Investors LLC owned 0.15% of TTM Technologies at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. USA Financial Formulas acquired a new position in TTM Technologies in the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its holdings in shares of TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,220 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock worth $51,000 after buying an additional 443 shares during the period. Sterling Capital Management LLC grew its holdings in shares of TTM Technologies by 808.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after buying an additional 2,831 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in TTM Technologies during the fourth quarter valued at $83,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Performance

TTMI stock traded down $0.59 during midday trading on Monday, hitting $18.06. The stock had a trading volume of 96,483 shares, compared to its average volume of 755,296. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 33.44 and a beta of 1.17. 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 stock has a 50-day simple moving average of $21.99 and a 200 day simple moving average of $23.07.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share 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 research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Philip Titterton sold 24,792 shares of the 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 of the company's stock, valued at $4,026,415.68. This represents a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies 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 sale, the executive vice president now directly owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. 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 over the last ninety days. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTMI. Needham & Company LLC restated a "buy" rating and set a $33.00 price target on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus initiated coverage on TTM Technologies in a report on Tuesday, February 11th. They set a "buy" rating and a $33.00 price objective 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.