Dalton Greiner Hartman Maher & Co. Buys Shares of 895,639 TTM Technologies, Inc. (NASDAQ:TTMI)
Dalton Greiner Hartman Maher & Co. bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, Holdings Channel reports. The fund bought 895,639 shares of the technology company’s stock, valued at approximately $15,548,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of TTM Technologies by 17.4% in the first quarter. Vanguard Group Inc. now owns 11,833,440 shares of the technology company’s stock worth $190,873,000 after buying an additional 1,757,393 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of TTM Technologies by 51.6% in the first quarter. Acadian Asset Management LLC now owns 3,259,213 shares of the technology company’s stock worth $52,571,000 after buying an additional 1,108,651 shares during the last quarter. FMR LLC boosted its position in shares of TTM Technologies by 111.0% in the first quarter. FMR LLC now owns 2,823,070 shares of the technology company’s stock worth $45,536,000 after buying an additional 1,484,825 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of TTM Technologies by 80.5% in the first quarter. Ameriprise Financial Inc. now owns 2,128,734 shares of the technology company’s stock worth $34,338,000 after buying an additional 949,674 shares during the last quarter. Finally, Norges Bank bought a new position in shares of TTM Technologies during the fourth quarter worth about $28,113,000.
TTM Technologies, Inc. (TTMI) traded down 1.05% during mid-day trading on Friday, hitting $18.89. The company’s stock had a trading volume of 247,687 shares. TTM Technologies, Inc. has a 12-month low of $7.92 and a 12-month high of $19.54. The company has a market cap of $1.92 billion, a P/E ratio of 26.53 and a beta of 1.47. The firm’s 50-day moving average is $17.91 and its 200-day moving average is $16.36.
TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, May 3rd. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. The company had revenue of $625.20 million during the quarter, compared to analyst estimates of $615 million. TTM Technologies had a return on equity of 18.17% and a net margin of 2.92%. TTM Technologies’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. Analysts predict that TTM Technologies, Inc. will post $1.70 EPS for the current fiscal year.
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A number of research analysts have issued reports on the company. Needham & Company LLC lifted their price objective on TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. TheStreet upgraded TTM Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, May 3rd. Finally, J P Morgan Chase & Co upgraded TTM Technologies from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a research note on Tuesday, April 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TTM Technologies presently has an average rating of “Buy” and an average price target of $19.75.
In other news, SVP Daniel J. Weber sold 3,605 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the sale, the senior vice president now owns 48,270 shares in the company, valued at approximately $864,998.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $18.43, for a total value of $55,290.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,074 shares of company stock valued at $249,890. 28.40% of the stock is owned by company insiders.
TTM Technologies Company Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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