18,478 Shares in TTM Technologies, Inc. (TTMI) Acquired by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 18,478 shares of the technology company’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTMI. LSV Asset Management grew its position in shares of TTM Technologies by 492.0% in the second quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock valued at $43,545,000 after purchasing an additional 2,084,668 shares during the period. Vanguard Group Inc. grew 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 valued at $190,873,000 after purchasing an additional 1,757,393 shares during the period. FMR LLC grew 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 valued at $45,536,000 after purchasing an additional 1,484,825 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of TTM Technologies in the second quarter valued at about $15,548,000. Finally, Russell Investments Group Ltd. grew its position in shares of TTM Technologies by 69.0% in the second quarter. Russell Investments Group Ltd. now owns 1,669,384 shares of the technology company’s stock valued at $28,981,000 after purchasing an additional 681,552 shares during the period.

TRADEMARK VIOLATION NOTICE: This news story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/23/18478-shares-in-ttm-technologies-inc-ttmi-acquired-by-piedmont-investment-advisors-llc.html.

Several analysts have recently issued reports on TTMI shares. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price on the stock in a research report on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 16th. ValuEngine downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $20.50.

TTM Technologies, Inc. (NASDAQ:TTMI) opened at 15.45 on Monday. TTM Technologies, Inc. has a 1-year low of $11.30 and a 1-year high of $19.54. The stock has a market capitalization of $1.57 billion, a P/E ratio of 21.61 and a beta of 1.56. The stock has a 50 day moving average of $15.17 and a 200 day moving average of $16.12.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). The business had revenue of $627.20 million during the quarter, compared to analyst estimates of $625.43 million. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. TTM Technologies’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, analysts expect that TTM Technologies, Inc. will post $1.52 earnings per share for the current year.

In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average

Several other hedge funds and other institutional investors also recently made changes to their positions in TTMI. LSV Asset Management grew its position in shares of TTM Technologies by 492.0% in the second quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock valued at $43,545,000 after purchasing an additional 2,084,668 shares during the period. Vanguard Group Inc. grew 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 valued at $190,873,000 after purchasing an additional 1,757,393 shares during the period. FMR LLC grew 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 valued at $45,536,000 after purchasing an additional 1,484,825 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of TTM Technologies in the second quarter valued at about $15,548,000. Finally, Russell Investments Group Ltd. grew its position in shares of TTM Technologies by 69.0% in the second quarter. Russell Investments Group Ltd. now owns 1,669,384 shares of the technology company’s stock valued at $28,981,000 after purchasing an additional 681,552 shares during the period.

TRADEMARK VIOLATION NOTICE: This news story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/23/18478-shares-in-ttm-technologies-inc-ttmi-acquired-by-piedmont-investment-advisors-llc.html.

Several analysts have recently issued reports on TTMI shares. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price on the stock in a research report on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a research note on Wednesday, August 16th. ValuEngine downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research raised shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $20.50.

TTM Technologies, Inc. (NASDAQ:TTMI) opened at 15.45 on Monday. TTM Technologies, Inc. has a 1-year low of $11.30 and a 1-year high of $19.54. The stock has a market capitalization of $1.57 billion, a P/E ratio of 21.61 and a beta of 1.56. The stock has a 50 day moving average of $15.17 and a 200 day moving average of $16.12.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). The business had revenue of $627.20 million during the quarter, compared to analyst estimates of $625.43 million. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. TTM Technologies’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, analysts expect that TTM Technologies, Inc. will post $1.52 earnings per share for the current year.

In related news, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $14.70, for a total value of $44,100.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 9,000 shares of company stock worth $133,980. 28.40% of the stock is owned by corporate insiders.

About TTM Technologies

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.

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

Receive News & Ratings for TTM Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply