AlphaCrest Capital Management LLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 30,825 shares of the technology company’s stock, valued at approximately $441,000.
A number of other hedge funds also recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its stake in shares of TTM Technologies by 3,187.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 2,701,112 shares of the technology company’s stock valued at $39,167,000 after acquiring an additional 2,618,944 shares during the period. Royal Bank of Canada raised its position in TTM Technologies by 3,089.9% in the first quarter. Royal Bank of Canada now owns 1,788,469 shares of the technology company’s stock valued at $25,932,000 after purchasing an additional 1,732,402 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in TTM Technologies during the second quarter worth $10,371,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of TTM Technologies during the first quarter worth $9,629,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of TTM Technologies by 57.5% in the first quarter. D. E. Shaw & Co. Inc. now owns 1,581,052 shares of the technology company’s stock valued at $22,925,000 after buying an additional 576,921 shares in the last quarter.
TTMI has been the subject of a number of research analyst reports. Zacks Investment Research cut TTM Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, September 29th. Needham & Company LLC raised their price objective on shares of TTM Technologies from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Finally, B. Riley restated a “buy” rating on shares of TTM Technologies in a report on Tuesday, July 20th.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, July 28th. The technology company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.19. The company had revenue of $567.38 million for the quarter, compared to the consensus estimate of $548.30 million. TTM Technologies had a return on equity of 0.18% and a net margin of 1.06%. On average, equities analysts forecast that TTM Technologies, Inc. will post 1.19 EPS for the current fiscal year.
In related news, insider Tai Keung Chung sold 17,862 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $14.09, for a total value of $251,675.58. Following the sale, the insider now owns 26,392 shares of the company’s stock, valued at $371,863.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.96% of the stock is currently owned by corporate insiders.
About TTM Technologies
TTM Technologies, Inc engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board(PCB), RF&S Components, and Electro-Mechanical Solutions. The PCB segment consists of fifteen domestic PCB and sub-system plants; five PCB fabrication plants in China; and one in Canada.
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