Mackay Shields LLC Takes $206,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Mackay Shields LLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,200 shares of the technology company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Foresters Investment Management Company Inc. lifted its stake in TTM Technologies by 27.4% in the 4th quarter. Foresters Investment Management Company Inc. now owns 626,500 shares of the technology company’s stock worth $6,096,000 after purchasing an additional 134,800 shares in the last quarter. Nomura Holdings Inc. increased its holdings in shares of TTM Technologies by 46.1% during the 4th quarter. Nomura Holdings Inc. now owns 535,791 shares of the technology company’s stock worth $5,201,000 after buying an additional 169,117 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of TTM Technologies by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 1,385,979 shares of the technology company’s stock worth $13,485,000 after buying an additional 83,372 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TTM Technologies by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,767,958 shares of the technology company’s stock worth $85,312,000 after buying an additional 133,379 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of TTM Technologies by 84.4% during the 4th quarter. Hsbc Holdings PLC now owns 79,267 shares of the technology company’s stock worth $771,000 after buying an additional 36,275 shares during the last quarter.

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. ValuEngine upgraded shares of TTM Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $20.67.

TTM Technologies stock traded down $0.09 during trading on Friday, hitting $13.42. The company had a trading volume of 736,608 shares, compared to its average volume of 956,571. TTM Technologies, Inc. has a 1-year low of $8.97 and a 1-year high of $19.91. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.63 and a current ratio of 1.79. The company has a market capitalization of $1.41 billion, a PE ratio of 9.72 and a beta of 2.26.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 6th. The technology company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 6.10% and a return on equity of 15.10%. The firm had revenue of $711.00 million during the quarter, compared to the consensus estimate of $710.84 million. During the same quarter last year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 0.53 earnings per share for the current year.

In other TTM Technologies news, insider Jon Pereira sold 2,195 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $12.03, for a total value of $26,405.85. Following the completion of the transaction, the insider now owns 18,643 shares in the company, valued at $224,275.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Philip Titterton sold 19,864 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $11.85, for a total transaction of $235,388.40. Following the completion of the transaction, the insider now owns 61,188 shares of the company’s stock, valued at approximately $725,077.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,786 shares of company stock valued at $438,712. Insiders own 6.90% of the company’s stock.

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TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

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

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