Cubist Systematic Strategies LLC bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,834 shares of the technology company’s stock, valued at approximately $582,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TTMI. CS Mckee LP increased its stake 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 purchasing an additional 200 shares during the period. Suntrust Banks Inc. increased its stake 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 purchasing an additional 583 shares during the period. Arizona State Retirement System increased its stake 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 purchasing an additional 600 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of TTM Technologies by 29.6% in the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after purchasing an additional 1,852 shares during the period. Finally, Profund Advisors LLC increased its stake in shares of TTM Technologies by 14.8% in the second quarter. Profund Advisors LLC now owns 16,659 shares of the technology company’s stock worth $289,000 after purchasing an additional 2,150 shares during the period.
In related news, Director Kenton K. Alder sold 3,000 shares of TTM Technologies stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $16.10, for a total transaction of $48,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 9,000 shares of company stock worth $143,520. 28.40% of the stock is owned by company insiders.
Shares of TTM Technologies, Inc. (TTMI) opened at $15.69 on Wednesday. TTM Technologies, Inc. has a 1 year low of $12.76 and a 1 year high of $19.54. The firm has a market capitalization of $1,600.00, a PE ratio of 26.15 and a beta of 1.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 1.65.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, November 1st. The technology company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. TTM Technologies had a return on equity of 9.32% and a net margin of 3.23%. The business had revenue of $666.81 million for the quarter, compared to the consensus estimate of $651.67 million. During the same period last year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. analysts anticipate that TTM Technologies, Inc. will post 1.08 EPS for the current year.
TTM Technologies 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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