Barclays PLC Has $11.28 Million Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Barclays PLC grew its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 11.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,613 shares of the technology company’s stock after buying an additional 48,089 shares during the quarter. Barclays PLC’s holdings in TTM Technologies were worth $11,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTMI. Franklin Resources Inc. lifted its stake in TTM Technologies by 532.1% during the 4th quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock valued at $48,454,000 after acquiring an additional 1,648,017 shares in the last quarter. Victory Capital Management Inc. increased its stake in TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock valued at $24,268,000 after buying an additional 781,058 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of TTM Technologies by 50.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company’s stock worth $37,971,000 after buying an additional 515,015 shares during the last quarter. Norges Bank bought a new position in shares of TTM Technologies in the fourth quarter valued at approximately $8,610,000. Finally, Emerald Advisers LLC lifted its holdings in TTM Technologies by 42.9% during the fourth quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company’s stock worth $26,535,000 after acquiring an additional 321,853 shares during the period. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTMI. Stifel Nicolaus initiated coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $33.00 price target on shares of TTM Technologies in a research note on Friday, March 21st.

Insider Buying and Selling

In related news, SVP Dale Martin Knecht sold 3,848 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the sale, the senior vice president now directly owns 86,346 shares of the company’s stock, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Catherine A. Gridley sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares of the company’s stock, valued at approximately $3,286,657.50. This represents a 4.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,817 shares of company stock valued at $1,316,006. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Down 2.4 %

TTMI opened at $18.21 on Tuesday. The company has a 50 day moving average of $21.84 and a 200 day moving average of $23.07. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $30.41. The company has a market cap of $1.85 billion, a PE ratio of 33.72 and a beta of 1.17.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) 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%. On average, sell-side analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

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.