D Orazio & Associates Inc. Takes Position in TTM Technologies, Inc. (NASDAQ:TTMI)

D Orazio & Associates Inc. purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 71,442 shares of the technology company’s stock, valued at approximately $1,768,000.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC raised its position in shares of TTM Technologies by 75.6% during the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock worth $4,220,000 after purchasing an additional 99,512 shares during the last quarter. Natixis Advisors LLC grew its holdings in TTM Technologies by 131.7% in the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock valued at $1,471,000 after buying an additional 45,835 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of TTM Technologies during the 3rd quarter worth $847,000. Geode Capital Management LLC grew its stake in shares of TTM Technologies by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after buying an additional 30,738 shares during the period. Finally, Mutual of America Capital Management LLC grew its position in TTM Technologies by 26.4% in the third quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock worth $4,221,000 after acquiring an additional 48,346 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In related news, insider Jeff Jankowsky sold 5,000 shares of TTM Technologies stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the transaction, the insider now owns 55,273 shares in the company, valued at approximately $1,339,264.79. This trade represents a 8.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas L. Soder sold 19,015 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total value of $475,375.00. Following the sale, the executive vice president now owns 185,478 shares of the company’s stock, valued at $4,636,950. The trade was a 9.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,261 shares of company stock valued at $1,043,417 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC upped their price target on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday.

TTM Technologies Stock Down 3.6 %

TTMI opened at $25.75 on Friday. The business has a 50 day simple moving average of $25.12 and a 200-day simple moving average of $21.85. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The stock has a market capitalization of $2.63 billion, a P/E ratio of 47.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.70.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, equities analysts anticipate that TTM Technologies, Inc. will post 1.74 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.