Carrera Capital Advisors Buys New Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Carrera Capital Advisors bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 46,555 shares of the technology company’s stock, valued at approximately $1,152,000.

A number of other hedge funds also recently bought and sold shares of the company. USA Financial Formulas acquired a new stake in shares of TTM Technologies in the fourth quarter worth $25,000. Smartleaf Asset Management LLC grew its position in TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after purchasing an additional 1,220 shares during the last quarter. Quarry LP bought a new position in shares of TTM Technologies during the 3rd quarter worth about $34,000. Covestor Ltd raised its position in shares of TTM Technologies by 3,220.3% during the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after buying an additional 1,900 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after buying an additional 443 shares during the period. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $22.76 on Wednesday. The firm has a market capitalization of $2.32 billion, a PE ratio of 42.15 and a beta of 1.19. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The firm has a 50-day moving average price of $25.12 and a 200 day moving average price of $22.59.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the transaction, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Douglas L. Soder sold 5,985 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $25.00, for a total transaction of $149,625.00. Following the completion of the transaction, the executive vice president now owns 179,493 shares in the company, valued at approximately $4,487,325. This trade represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,302 shares of company stock valued at $1,453,471. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several research reports. Needham & Company LLC boosted their price target on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Stifel Nicolaus started coverage on TTM Technologies in a research note on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price for the company.

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.