Hood River Capital Management LLC Takes Position in TTM Technologies, Inc. (TTMI)
Hood River Capital Management LLC bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,059,086 shares of the technology company’s stock, valued at approximately $16,278,000. Hood River Capital Management LLC owned about 1.04% of TTM Technologies as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Riverhead Capital Management LLC boosted its stake in TTM Technologies by 71.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock worth $119,000 after purchasing an additional 2,860 shares during the last quarter. Simplex Trading LLC acquired a new stake in TTM Technologies during the 3rd quarter worth $120,000. Pacad Investment Ltd. acquired a new stake in TTM Technologies during the 2nd quarter worth $133,000. Ameritas Investment Partners Inc. boosted its stake in TTM Technologies by 29.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in TTM Technologies by 197.1% during the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock worth $161,000 after purchasing an additional 6,127 shares during the last quarter.
ILLEGAL ACTIVITY NOTICE: This report was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://theolympiareport.com/2017/11/16/hood-river-capital-management-llc-takes-position-in-ttm-technologies-inc-ttmi.html.
Several equities research analysts have issued reports on the stock. Needham & Company LLC raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research note on Monday, August 7th. Zacks Investment Research cut shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $17.50 target price on shares of TTM Technologies in a research note on Wednesday, November 1st. BidaskClub cut shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, ValuEngine cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $20.50.
Shares of TTM Technologies, Inc. (TTMI) traded down $0.08 during mid-day trading on Thursday, hitting $16.17. 830,200 shares of the stock traded hands, compared to its average volume of 1,396,010. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.65. The firm has a market cap of $1,654.50, a PE ratio of 12.90 and a beta of 1.55. TTM Technologies, Inc. has a 1 year low of $11.76 and a 1 year high of $19.54.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $666.81 million for the quarter, compared to analysts’ expectations of $651.67 million. TTM Technologies had a net margin of 2.78% and a return on equity of 14.77%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. analysts expect that TTM Technologies, Inc. will post 1.08 EPS for the current fiscal year.
In other news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $14.29, for a total transaction of $42,870.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 12,000 shares of company stock worth $182,190. Corporate insiders own 28.40% of the company’s stock.
TTM Technologies Company Profile
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.
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 Analyst Ratings Network's FREE daily email newsletter.