Fox Run Management L.L.C. Makes New $675,000 Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Fox Run Management L.L.C. bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 27,271 shares of the technology company’s stock, valued at approximately $675,000.

Several other institutional investors have also made changes to their positions in TTMI. Massachusetts Financial Services Co. MA acquired a new position in TTM Technologies in the 3rd quarter worth approximately $18,600,000. Point72 Hong Kong Ltd acquired a new stake in shares of TTM Technologies in the third quarter worth $15,314,000. Victory Capital Management Inc. grew 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 valued at $24,268,000 after buying an additional 781,058 shares in the last quarter. Loomis Sayles & Co. L P raised its position in TTM Technologies by 41.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock valued at $22,804,000 after buying an additional 367,608 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in TTM Technologies in the 3rd quarter worth about $6,479,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TTMI. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of TTM Technologies in a research note on Friday. 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 on the stock.

TTM Technologies Stock Up 2.9 %

Shares of TTMI stock opened at $23.42 on Tuesday. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 43.37 and a beta of 1.19. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The stock’s 50 day simple moving average is $24.41 and its 200 day simple moving average is $22.89. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $30.41.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate 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 1.76 EPS for the current year.

Insider Activity at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the sale, the executive vice president now directly owns 95,153 shares of the company’s stock, valued at approximately $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,817 shares of company stock worth $1,316,006 in the last 90 days. 1.30% of the stock is owned by company insiders.

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.