Venturi Wealth Management LLC Invests $95,000 in TTM Technologies, Inc. (NASDAQ:TTMI)

Venturi Wealth Management LLC acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,850 shares of the technology company’s stock, valued at approximately $95,000.

Several other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC increased its stake in TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after acquiring an additional 443 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of TTM Technologies by 5.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock worth $244,000 after purchasing an additional 659 shares in the last quarter. USA Financial Formulas bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $25,000. KBC Group NV raised its stake in shares of TTM Technologies by 47.4% in the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Quarry LP bought a new position in TTM Technologies in the third quarter worth $34,000. Institutional investors own 95.79% of the company’s stock.

Insider Activity

In other TTM Technologies news, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the completion of the transaction, the executive vice president now owns 95,153 shares in the company, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,317 shares of company stock worth $2,174,996. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

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

TTM Technologies Stock Down 2.5 %

Shares of NASDAQ TTMI opened at $25.36 on Monday. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The business has a fifty day moving average of $25.33 and a two-hundred day moving average of $22.31. The stock has a market cap of $2.59 billion, a PE ratio of 46.96 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, equities research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

About TTM Technologies

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.