Oppenheimer Asset Management Inc. purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,374 shares of the technology company’s stock, valued at approximately $235,000.
Other institutional investors have also added to or reduced their stakes in the company. FDx Advisors Inc. bought a new position in shares of TTM Technologies during the 4th quarter valued at $160,000. Leucadia National Corp bought a new position in shares of TTM Technologies during the 4th quarter valued at $203,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of TTM Technologies by 61.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,029 shares of the technology company’s stock valued at $204,000 after purchasing an additional 4,981 shares in the last quarter. LPL Financial LLC bought a new position in shares of TTM Technologies during the 4th quarter valued at $208,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of TTM Technologies during the 4th quarter valued at $211,000.
TTM Technologies opened at $18.90 on Friday, MarketBeat reports. TTM Technologies, Inc. has a 1 year low of $12.76 and a 1 year high of $19.62. The company has a current ratio of 1.84, a quick ratio of 1.72 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.98 billion, a P/E ratio of 18.17 and a beta of 1.81.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, May 2nd. The technology company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $663.58 million for the quarter, compared to analyst estimates of $638.80 million. TTM Technologies had a net margin of 3.76% and a return on equity of 10.32%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. research analysts forecast that TTM Technologies, Inc. will post 1.09 EPS for the current year.
A number of research analysts have recently weighed in on the stock. BidaskClub upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Thursday. Deutsche Bank began coverage on shares of TTM Technologies in a research note on Thursday, June 14th. They issued a “hold” rating and a $19.00 target price on the stock. ValuEngine lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Stifel Nicolaus raised their target price on shares of TTM Technologies from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 25th. Finally, Zacks Investment Research lowered shares of TTM Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. TTM Technologies currently has an average rating of “Buy” and an average target price of $19.80.
In other TTM Technologies news, COO Brian W. Barber sold 8,263 shares of the firm’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $19.00, for a total value of $156,997.00. Following the sale, the chief operating officer now directly owns 78,783 shares in the company, valued at approximately $1,496,877. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 9,343 shares of company stock worth $175,901 over the last 90 days. Company insiders own 10.10% of the company’s stock.
TTM Technologies Company 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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