May Hill Capital LLC Makes New Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

May Hill Capital LLC purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 30,000 shares of the technology company’s stock, valued at approximately $742,000.

A number of other large investors also recently made changes to their positions in TTMI. Franklin Resources Inc. lifted its position in TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock worth $48,454,000 after buying an additional 1,648,017 shares during the period. Victory Capital Management Inc. increased its stake in shares of TTM Technologies by 391.6% during the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after acquiring an additional 781,058 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of TTM Technologies during the 3rd quarter worth about $6,479,000. Norges Bank acquired a new stake in shares of TTM Technologies in the fourth quarter worth approximately $8,610,000. Finally, Emerald Advisers LLC grew its holdings in TTM Technologies by 42.9% in the fourth quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company’s stock valued at $26,535,000 after purchasing an additional 321,853 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Activity at TTM Technologies

In related news, SVP Dale Martin Knecht sold 3,848 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now owns 86,346 shares in the company, valued at approximately $2,245,859.46. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction that occurred 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. This represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 50,817 shares of company stock valued at $1,316,006. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Trading Down 1.7 %

Shares of TTMI opened at $20.51 on Tuesday. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The stock’s 50-day moving average is $24.01 and its two-hundred day moving average is $23.03. 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 stock has a market cap of $2.08 billion, a PE ratio of 37.98 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share 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%. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTMI has been the topic of a number of recent analyst reports. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 target price on shares of TTM Technologies in a research report on Friday, March 21st.

TTM Technologies 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.