Empowered Funds LLC Acquires 11,776 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Empowered Funds LLC boosted its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 2.2% in the fourth quarter, Holdings Channel reports. The firm owned 556,986 shares of the technology company’s stock after purchasing an additional 11,776 shares during the quarter. Empowered Funds LLC’s holdings in TTM Technologies were worth $13,785,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in TTM Technologies in the fourth quarter valued at $25,000. GAMMA Investing LLC lifted its stake in TTM Technologies by 67.2% in the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after acquiring an additional 642 shares during the last quarter. Quarry LP acquired a new stake in TTM Technologies in the third quarter valued at $34,000. Covestor Ltd lifted its stake in TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,900 shares during the last quarter. Finally, KBC Group NV lifted its stake in TTM Technologies by 47.4% in the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock valued at $109,000 after acquiring an additional 1,416 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $25.75 on Friday. The firm has a 50-day moving average of $25.12 and a 200-day moving average of $21.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.99. The stock has a market cap of $2.63 billion, a PE ratio of 47.69 and a beta of 1.19. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41.

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

Insider Buying and Selling

In related news, EVP Douglas L. Soder sold 5,985 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $25.00, for a total transaction of $149,625.00. Following the transaction, the executive vice president now directly owns 179,493 shares of the company’s stock, valued at approximately $4,487,325. This trade represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff Jankowsky sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $125,000.00. Following the transaction, the insider now directly owns 50,273 shares in the company, valued at approximately $1,256,825. This represents a 9.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,261 shares of company stock valued at $1,043,417. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

TTM Technologies 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.