17,620 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Acquired by Massar Capital Management LP

Massar Capital Management LP purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,620 shares of the technology company's stock, valued at approximately $436,000.

Several other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC boosted its stake in shares of TTM Technologies by 8.9% in the fourth quarter. Hsbc Holdings PLC now owns 78,479 shares of the technology company's stock worth $1,948,000 after buying an additional 6,382 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of TTM Technologies in the fourth quarter worth about $574,000. State of Tennessee Department of Treasury boosted its stake in shares of TTM Technologies by 13.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 43,776 shares of the technology company's stock worth $1,083,000 after buying an additional 5,162 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of TTM Technologies by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 61,600 shares of the technology company's stock worth $1,525,000 after buying an additional 3,360 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of TTM Technologies by 74.0% in the fourth quarter. First Trust Advisors LP now owns 94,453 shares of the technology company's stock worth $2,338,000 after buying an additional 40,164 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Trading Up 1.9 %

Shares of TTMI stock traded up $0.38 on Friday, hitting $20.42. 446,462 shares of the stock traded hands, compared to its average volume of 760,424. The firm's 50-day moving average price is $21.30 and its two-hundred day moving average price is $23.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The stock has a market capitalization of $2.08 billion, a PE ratio of 37.81 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.

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

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Daniel J. Weber sold 15,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the sale, the executive vice president now directly owns 95,153 shares in the company, valued at $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 6,000 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the sale, the executive vice president now owns 125,206 shares in the company, valued at $3,286,657.50. This trade represents a 4.57 % decrease in their ownership of the stock. 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 90 days. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.