C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,339 shares of the technology company’s stock, valued at approximately $83,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC raised its position in shares of TTM Technologies by 75.6% in the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after buying an additional 99,512 shares in the last quarter. Natixis Advisors LLC increased its position in TTM Technologies by 131.7% during the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company’s stock worth $1,471,000 after purchasing an additional 45,835 shares in the last quarter. Quantbot Technologies LP acquired a new position in TTM Technologies during the 3rd quarter worth approximately $847,000. Geode Capital Management LLC increased its position in TTM Technologies by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after purchasing an additional 30,738 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in TTM Technologies by 26.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 231,281 shares of the technology company’s stock worth $4,221,000 after purchasing an additional 48,346 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Trading Up 1.1 %

TTMI opened at $26.45 on Friday. 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 debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.70. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 48.98 and a beta of 1.19. The company’s 50 day moving average price is $25.25 and its two-hundred day moving average price is $22.01.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. As a group, research analysts predict that TTM Technologies, Inc. will post 1.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeff Jankowsky sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $24.23, for a total value of $121,150.00. Following the sale, the insider now directly owns 55,273 shares of the company’s stock, valued at approximately $1,339,264.79. This represents a 8.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction 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 sale, the chief operating officer now directly owns 157,528 shares in the company, valued at approximately $4,026,415.68. This represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,653 shares of company stock valued at $1,525,165 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TTMI shares. Needham & Company LLC upped their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Stifel Nicolaus started coverage on shares of TTM Technologies in a research report on Tuesday. They set a “buy” rating and a $33.00 price objective for the company.

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.