64,291 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 64,291 shares of the technology company's stock, valued at approximately $1,006,000. Wesbanco Bank Inc. owned approximately 0.06% of TTM Technologies as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in shares of TTM Technologies in the 3rd quarter worth about $13,051,000. Louisiana State Employees Retirement System purchased a new stake in shares of TTM Technologies in the 4th quarter worth about $809,000. Robeco Institutional Asset Management B.V. boosted its position in shares of TTM Technologies by 207.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company's stock worth $209,000 after buying an additional 10,932 shares in the last quarter. Swiss National Bank boosted its position in shares of TTM Technologies by 0.9% in the 3rd quarter. Swiss National Bank now owns 225,500 shares of the technology company's stock worth $2,904,000 after buying an additional 2,100 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings 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 purchasing an additional 525,000 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a "buy" rating and issued a $19.00 target price on shares of TTM Technologies in a report on Thursday. Stifel Nicolaus upgraded shares of TTM Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $15.00 to $19.00 in a report on Thursday. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, TTM Technologies presently has a consensus rating of "Buy" and an average target price of $18.17.

Insider Buying and Selling

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 approximately $861,310.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Trading Up 4.0 %

Shares of NASDAQ TTMI traded up $0.66 on Friday, reaching $17.31. 1,138,245 shares of the company traded hands, compared to its average volume of 516,757. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $17.32. The company has a 50 day moving average of $14.81 and a 200 day moving average of $14.61. The company has a current ratio of 2.09, a quick ratio of 1.73 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.76 billion, a PE ratio of -865.50 and a beta of 1.37.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.05. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The company had revenue of $569.04 million during the quarter, compared to the consensus estimate of $572.03 million. During the same quarter in the prior year, the company posted $0.36 EPS. The company's quarterly 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 earnings per share for the current fiscal year.

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.

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