Bowling Portfolio Management LLC raised its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 55.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,125 shares of the technology company’s stock after buying an additional 31,382 shares during the period. Bowling Portfolio Management LLC owned approximately 0.09% of TTM Technologies worth $1,530,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in TTMI. IHT Wealth Management LLC increased its stake in TTM Technologies by 0.6% in the first quarter. IHT Wealth Management LLC now owns 18,766 shares of the technology company’s stock valued at $305,000 after buying an additional 106 shares in the last quarter. State of Alaska Department of Revenue increased its stake in TTM Technologies by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 9,310 shares of the technology company’s stock valued at $150,000 after buying an additional 140 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of TTM Technologies by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 39,390 shares of the technology company’s stock worth $636,000 after buying an additional 230 shares during the period. Ngam Advisors L.P. increased its stake in shares of TTM Technologies by 1.6% in the first quarter. Ngam Advisors L.P. now owns 23,986 shares of the technology company’s stock worth $387,000 after buying an additional 379 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of TTM Technologies by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 34,800 shares of the technology company’s stock worth $604,000 after buying an additional 400 shares during the period. Institutional investors own 95.16% of the company’s stock.

Shares of TTM Technologies, Inc. (TTMI) traded down 1.72% on Friday, hitting $13.12. 2,287,681 shares of the stock traded hands. The stock has a market cap of $1.34 billion, a PE ratio of 18.35 and a beta of 1.46. The stock has a 50 day moving average of $17.25 and a 200-day moving average of $16.57. TTM Technologies, Inc. has a 1-year low of $10.04 and a 1-year high of $19.54.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.04. The company had revenue of $627.20 million during the quarter, compared to analysts’ expectations of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. On average, equities research analysts expect that TTM Technologies, Inc. will post $1.53 EPS for the current year.

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TTMI has been the subject of a number of research reports. TheStreet raised shares of TTM Technologies from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Zacks Investment Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Tuesday, May 9th. Needham & Company LLC raised their price objective on shares of TTM Technologies from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 9th. BidaskClub upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Finally, Stifel Nicolaus cut shares of TTM Technologies from a “buy” rating to a “hold” rating and increased their target price for the stock from $18.50 to $19.00 in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.88.

In related news, SVP Daniel J. Weber sold 3,605 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $17.92, for a total transaction of $64,601.60. Following the completion of the sale, the senior vice president now owns 48,270 shares in the company, valued at $864,998.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenton K. Alder sold 3,000 shares of the stock in a transaction dated 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. In the last 90 days, insiders sold 14,074 shares of company stock valued at $249,890. Company insiders own 28.40% of the company’s stock.

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)

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