Jackson Creek Investment Advisors LLC Purchases New Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Jackson Creek Investment Advisors LLC purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,098 shares of the technology company's stock, valued at approximately $1,077,000. Jackson Creek Investment Advisors LLC owned approximately 0.07% of TTM Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of TTM Technologies by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,845,347 shares of the technology company's stock worth $23,768,000 after purchasing an additional 84,664 shares in the last quarter. Invesco Ltd. lifted its holdings in TTM Technologies by 2.7% during the 3rd quarter. Invesco Ltd. now owns 1,478,467 shares of the technology company's stock worth $19,043,000 after buying an additional 39,445 shares in the last quarter. 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. Wellington Management Group LLP acquired a new position in shares of TTM Technologies in the third quarter worth $13,051,000. Finally, SG Capital Management LLC increased its position in shares of TTM Technologies by 34.5% during the third quarter. SG Capital Management LLC now owns 575,499 shares of the technology company's stock worth $7,412,000 after acquiring an additional 147,549 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Stock Down 1.5 %

TTM Technologies stock traded down $0.22 during trading on Tuesday, reaching $14.93. The stock had a trading volume of 850,354 shares, compared to its average volume of 656,391. The company has a quick ratio of 1.73, a current ratio of 2.03 and a debt-to-equity ratio of 0.61. TTM Technologies, Inc. has a 52-week low of $11.13 and a 52-week high of $16.53. The stock has a market cap of $1.52 billion, a PE ratio of -82.94 and a beta of 1.39. The business has a 50 day moving average price of $14.77 and a 200 day moving average price of $14.54.

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

Insider Activity

In other news, insider Tom Clapprood sold 3,500 shares of the business's 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 in the company, valued at approximately $861,310.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "buy" rating and set a $19.00 target price on shares of TTM Technologies in a research note 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.