Emerald Advisers LLC Boosts Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Emerald Advisers LLC lifted its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 42.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,072,133 shares of the technology company’s stock after purchasing an additional 321,853 shares during the quarter. Emerald Advisers LLC’s holdings in TTM Technologies were worth $26,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. USA Financial Formulas purchased a new position in shares of TTM Technologies in the fourth quarter worth $25,000. Quarry LP purchased a new stake in TTM Technologies during the third quarter valued at $34,000. Smartleaf Asset Management LLC increased its position in TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after acquiring an additional 1,220 shares during the last quarter. GAMMA Investing LLC increased its position in TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after acquiring an additional 443 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in TTM Technologies during the fourth quarter valued at $83,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TTMI shares. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of TTM Technologies in a research report on Friday. Stifel Nicolaus started coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective for the company.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $22.77 on Friday. The stock has a 50-day simple moving average of $24.44 and a two-hundred day simple moving average of $22.82. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week 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. The firm has a market capitalization of $2.31 billion, a PE ratio of 42.17 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other news, EVP Catherine A. Gridley sold 6,000 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the transaction, the executive vice president now owns 125,206 shares of the company’s stock, valued at $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value 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 approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,817 shares of company stock valued at $1,316,006. Company insiders own 1.30% of the company’s stock.

TTM Technologies Company 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.