Counterpoint Mutual Funds LLC Increases Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Counterpoint Mutual Funds LLC grew its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,751 shares of the technology company’s stock after purchasing an additional 3,863 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in TTM Technologies were worth $761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of TTM Technologies by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after purchasing an additional 30,738 shares during the period. Wellington Management Group LLP raised its holdings in TTM Technologies by 1.3% during the third quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company’s stock worth $25,453,000 after purchasing an additional 18,027 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in TTM Technologies by 41.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock worth $22,804,000 after purchasing an additional 367,608 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in TTM Technologies during the third quarter worth approximately $18,600,000. Finally, Victory Capital Management Inc. raised its holdings in TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock worth $24,268,000 after purchasing an additional 781,058 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Needham & Company LLC raised their target price on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price on the stock.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $21.83 on Monday. The firm’s fifty day moving average price is $24.68 and its 200 day moving average price is $22.73. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $30.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 40.43 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating 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 expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other TTM Technologies news, EVP Catherine A. Gridley sold 6,000 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the sale, the executive vice president now directly owns 125,206 shares in the company, valued at approximately $3,286,657.50. The trade was a 4.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the sale, the chief operating officer now owns 157,528 shares in the company, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,817 shares of company stock worth $1,316,006. Corporate 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.