Portolan Capital Management LLC Boosts Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Portolan Capital Management LLC raised its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,301,342 shares of the technology company's stock after purchasing an additional 239,972 shares during the quarter. TTM Technologies accounts for about 2.2% of Portolan Capital Management LLC's holdings, making the stock its 8th biggest holding. Portolan Capital Management LLC owned approximately 1.28% of TTM Technologies worth $32,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas purchased a new position in TTM Technologies in the fourth quarter worth $25,000. Smartleaf Asset Management LLC boosted its holdings in shares of TTM Technologies by 670.3% in the 4th 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 in the last quarter. GAMMA Investing LLC increased its position in shares of TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after purchasing an additional 443 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of TTM Technologies by 808.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after purchasing an additional 2,831 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in TTM Technologies in the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus started coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $33.00 price target on shares of TTM Technologies in a research report on Friday, March 21st.

Insider Buying and Selling at TTM Technologies

In related news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now directly owns 86,346 shares of the company's stock, valued at approximately $2,245,859.46. This represents a 4.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the transaction, the chief operating officer now directly owns 157,528 shares of the company's stock, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,817 shares of company stock valued at $1,316,006. 1.30% of the stock is currently owned by company insiders.

TTM Technologies Trading Down 0.2 %

TTMI stock traded down $0.04 on Friday, reaching $18.65. The company's stock had a trading volume of 342,234 shares, compared to its average volume of 757,506. The firm has a market cap of $1.90 billion, a PE ratio of 34.54 and a beta of 1.17. The business has a fifty day simple moving average of $21.99 and a two-hundred day simple moving average of $23.00. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results 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 net margin of 2.30% and a return on equity of 9.74%. As a group, research analysts forecast 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.