Hood River Capital Management LLC Boosts Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Hood River Capital Management LLC boosted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 615,278 shares of the technology company's stock after buying an additional 40,231 shares during the period. Hood River Capital Management LLC owned approximately 0.60% of TTM Technologies worth $15,228,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. USA Financial Formulas bought a new stake in shares of TTM Technologies in the 4th quarter worth about $25,000. Smartleaf Asset Management LLC lifted its stake in TTM Technologies by 670.3% in the fourth 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 during the last quarter. GAMMA Investing LLC boosted 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 buying an additional 443 shares during the period. Sterling Capital Management LLC grew its stake 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 during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of TTM Technologies in the fourth quarter worth approximately $83,000. 95.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. 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 report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target for the company.

Insider Buying and Selling at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the transaction, the chief operating officer now directly owns 157,528 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction dated 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 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 worth $1,316,006 over the last three months. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Stock Down 2.4 %

TTMI stock traded down $0.49 during trading on Monday, hitting $19.94. 243,310 shares of the company's stock traded hands, compared to its average volume of 758,405. The business has a fifty day simple moving average of $21.30 and a two-hundred day simple moving average of $23.09. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.03 billion, a P/E ratio of 36.85 and a beta of 1.17. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.