Tocqueville Asset Management L.P. lifted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 106.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,054,648 shares of the technology company’s stock after buying an additional 1,060,396 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 2.02% of TTM Technologies worth $31,580,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. CS Mckee LP lifted its holdings in shares of TTM Technologies by 0.3% in the second quarter. CS Mckee LP now owns 70,900 shares of the technology company’s stock worth $1,231,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of TTM Technologies by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 34,800 shares of the technology company’s stock worth $604,000 after buying an additional 400 shares in the last quarter. Suntrust Banks Inc. lifted its holdings in shares of TTM Technologies by 5.1% in the second quarter. Suntrust Banks Inc. now owns 11,933 shares of the technology company’s stock worth $207,000 after buying an additional 583 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of TTM Technologies by 1.4% in the second quarter. Arizona State Retirement System now owns 44,525 shares of the technology company’s stock worth $773,000 after buying an additional 600 shares in the last quarter. Finally, KAMES CAPITAL plc lifted its holdings in shares of TTM Technologies by 1.0% in the second quarter. KAMES CAPITAL plc now owns 92,993 shares of the technology company’s stock worth $1,613,000 after buying an additional 890 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The firm had revenue of $666.81 million for the quarter, compared to analysts’ expectations of $651.67 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis.
In other news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $14.70, for a total transaction of $44,100.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 9,000 shares of company stock worth $133,980. Insiders own 28.40% of the company’s stock.
A number of equities research analysts have recently issued reports on TTMI shares. BidaskClub raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Stifel Nicolaus downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating and increased their price target for the stock from $18.50 to $19.00 in a report on Friday, July 28th. Needham & Company LLC raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Monday, August 7th. Zacks Investment Research downgraded shares of TTM Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, J P Morgan Chase & Co set a $22.00 price target on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.50.
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TTM Technologies Company Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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