Louisiana State Employees Retirement System Takes $809,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Louisiana State Employees Retirement System purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 51,200 shares of the technology company's stock, valued at approximately $809,000. Louisiana State Employees Retirement System owned about 0.05% of TTM Technologies at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TTMI. Wellington Management Group LLP bought a new position in TTM Technologies during the 3rd quarter valued at about $13,051,000. Adage Capital Partners GP L.L.C. boosted its position in TTM Technologies by 58.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,425,000 shares of the technology company's stock valued at $18,354,000 after buying an additional 525,000 shares during the period. Panagora Asset Management Inc. boosted its position in TTM Technologies by 103.7% in the 3rd quarter. Panagora Asset Management Inc. now owns 346,929 shares of the technology company's stock valued at $4,468,000 after buying an additional 176,619 shares during the period. SG Capital Management LLC boosted its position in TTM Technologies by 34.5% in the 3rd quarter. SG Capital Management LLC now owns 575,499 shares of the technology company's stock valued at $7,412,000 after buying an additional 147,549 shares during the period. Finally, Paradigm Capital Management Inc. NY boosted its position in TTM Technologies by 298.9% in the 3rd quarter. Paradigm Capital Management Inc. NY now owns 173,500 shares of the technology company's stock valued at $2,235,000 after buying an additional 130,000 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Insider Transactions at TTM Technologies

In related news, insider Tom Clapprood sold 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.48, for a total transaction of $57,680.00. Following the completion of the sale, the insider now owns 52,264 shares of the company's stock, valued at $861,310.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Stock Up 2.4 %

Shares of TTMI traded up $0.35 during mid-day trading on Friday, hitting $15.13. The company's stock had a trading volume of 437,579 shares, compared to its average volume of 453,006. The company's 50-day moving average is $14.78 and its 200-day moving average is $14.51. TTM Technologies, Inc. has a 52-week low of $11.13 and a 52-week high of $16.53. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -84.05 and a beta of 1.39. The company has a current ratio of 2.03, a quick ratio of 1.73 and a debt-to-equity ratio of 0.61.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. TTM Technologies had a negative net margin of 0.84% and a positive return on equity of 7.83%. The firm had revenue of $569.04 million during the quarter, compared to analysts' expectations of $572.03 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company's revenue was down 7.8% compared to the same quarter last year. On average, equities research analysts forecast that TTM Technologies, Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a "buy" rating and issued a $19.00 price objective on shares of TTM Technologies in a research report on Wednesday, January 31st.

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.