TTM Technologies, Inc. (TTMI) Shares Bought by Principal Financial Group Inc.
Principal Financial Group Inc. grew its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 755,442 shares of the technology company’s stock after acquiring an additional 65,239 shares during the period. Principal Financial Group Inc. owned 0.74% of TTM Technologies worth $13,115,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameritas Investment Partners Inc. bought a new stake in shares of TTM Technologies during the first quarter worth approximately $101,000. Sei Investments Co. grew its holdings in TTM Technologies by 197.1% during the second quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after purchasing an additional 6,127 shares during the period. Sigma Planning Corp acquired a new position in TTM Technologies during the second quarter valued at approximately $176,000. LS Investment Advisors LLC grew its holdings in TTM Technologies by 245.4% during the first quarter. LS Investment Advisors LLC now owns 10,950 shares of the technology company’s stock valued at $177,000 after purchasing an additional 7,780 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in TTM Technologies during the first quarter valued at approximately $184,000. 95.16% of the stock is owned by institutional investors.
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Shares of TTM Technologies, Inc. (TTMI) opened at 14.78 on Thursday. The firm has a market capitalization of $1.50 billion, a P/E ratio of 20.67 and a beta of 1.50. TTM Technologies, Inc. has a 52 week low of $10.77 and a 52 week high of $19.54. The firm’s 50-day moving average is $14.12 and its 200-day moving average is $16.21.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The company had revenue of $627.20 million for the quarter, compared to the consensus estimate of $625.43 million. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts anticipate that TTM Technologies, Inc. will post $1.53 EPS for the current year.
In other TTM Technologies news, SVP Daniel J. Weber sold 3,605 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total value of $64,601.60. Following the completion of the sale, the senior vice president now owns 48,270 shares of the company’s stock, valued at $864,998.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenton K. Alder sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was 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. Insiders have sold 14,074 shares of company stock valued at $233,840 in the last three months. 28.40% of the stock is owned by insiders.
Several research analysts have recently weighed in on TTMI shares. ValuEngine cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price target for the company in a report on Thursday, August 24th. They noted that the move was a valuation call. J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the company a “buy” rating in a report on Wednesday, August 16th. BidaskClub cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Needham & Company LLC upped their price target on shares of TTM Technologies from $18.00 to $22.00 and gave the company a “buy” rating in a report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $20.13.
TTM Technologies 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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