Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 44.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,892 shares of the technology company’s stock after acquiring an additional 6,418 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TTM Technologies were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC lifted its stake in shares of TTM Technologies by 5.1% in the third quarter. Inspire Investing LLC now owns 23,697 shares of the technology company’s stock worth $305,000 after acquiring an additional 1,150 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in TTM Technologies by 1.1% during the third quarter. Mutual of America Capital Management LLC now owns 165,083 shares of the technology company’s stock valued at $2,126,000 after buying an additional 1,810 shares in the last quarter. Diversified Trust Co raised its stake in TTM Technologies by 8.8% during the fourth quarter. Diversified Trust Co now owns 22,445 shares of the technology company’s stock valued at $355,000 after buying an additional 1,814 shares in the last quarter. Swiss National Bank raised its stake in TTM Technologies by 0.9% during the third quarter. Swiss National Bank now owns 225,500 shares of the technology company’s stock valued at $2,904,000 after buying an additional 2,100 shares in the last quarter. Finally, Strs Ohio raised its stake in TTM Technologies by 3.8% during the third quarter. Strs Ohio now owns 59,500 shares of the technology company’s stock valued at $766,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several research reports. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $15.00 to $19.00 in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of TTM Technologies in a report on Thursday. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $18.17.

TTM Technologies Stock Up 4.0 %

NASDAQ:TTMI opened at $17.31 on Friday. The firm has a market capitalization of $1.76 billion, a PE ratio of -865.50 and a beta of 1.37. The stock has a 50 day moving average of $14.81 and a 200-day moving average of $14.61. TTM Technologies, Inc. has a 52 week low of $11.14 and a 52 week high of $17.32. The company has a current ratio of 2.09, a quick ratio of 1.73 and a debt-to-equity ratio of 0.60.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. The company had revenue of $569.04 million during the quarter, compared to analyst estimates of $572.03 million. During the same period in the prior year, the company earned $0.36 earnings per share. The business’s revenue was down 7.8% compared to the same quarter last year. Analysts predict that TTM Technologies, Inc. will post 1.28 EPS for the current year.

Insider Buying and Selling

In related news, insider Tom Clapprood sold 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $16.48, for a total value of $57,680.00. Following the completion of the transaction, the insider now directly owns 52,264 shares of the company’s stock, valued at approximately $861,310.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

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.