9,448 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Purchased by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,448 shares of the technology company’s stock, valued at approximately $234,000.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new stake in shares of TTM Technologies in the 3rd quarter valued at approximately $18,600,000. Point72 Hong Kong Ltd bought a new stake in TTM Technologies during the third quarter valued at $15,314,000. Victory Capital Management Inc. raised its holdings in shares of TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company’s stock worth $24,268,000 after purchasing an additional 781,058 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of TTM Technologies by 41.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock worth $22,804,000 after buying an additional 367,608 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of TTM Technologies in the 3rd quarter worth about $6,479,000. Institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In other TTM Technologies news, EVP Daniel J. Weber sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the sale, the executive vice president now directly owns 95,153 shares in the company, valued at approximately $2,506,330.02. The trade was a 13.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the transaction, the chief operating officer now owns 157,528 shares of the company’s stock, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,817 shares of company stock worth $1,316,006. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

TTM Technologies Stock Down 2.3 %

TTMI stock opened at $22.89 on Wednesday. The stock has a market cap of $2.33 billion, a PE ratio of 42.39 and a beta of 1.19. The firm’s 50-day simple moving average is $24.36 and its 200 day simple moving average is $22.93. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $30.41. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58.

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, beating 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%. As a group, sell-side analysts predict 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.