Bailard Inc. Takes $337,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Bailard Inc. purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,300 shares of the technology company’s stock, valued at approximately $337,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AXQ Capital LP acquired a new stake in TTM Technologies during the third quarter valued at approximately $144,000. Robeco Institutional Asset Management B.V. lifted its stake in TTM Technologies by 207.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company’s stock worth $209,000 after purchasing an additional 10,932 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in TTM Technologies in the third quarter worth $233,000. Dark Forest Capital Management LP bought a new stake in TTM Technologies during the third quarter valued at $278,000. Finally, Inspire Investing LLC raised its holdings in shares of TTM Technologies by 5.1% during the third quarter. Inspire Investing LLC now owns 23,697 shares of the technology company’s stock worth $305,000 after purchasing an additional 1,150 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

TTM Technologies Stock Performance

TTMI stock opened at $15.13 on Monday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -84.06 and a beta of 1.39. The stock’s fifty day moving average is $14.78 and its two-hundred day moving average is $14.53. TTM Technologies, Inc. has a 1 year low of $11.13 and a 1 year high of $16.53. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.73 and a current ratio of 2.03.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.05. TTM Technologies had a positive return on equity of 7.83% and a negative net margin of 0.84%. The firm had revenue of $569.04 million for the quarter, compared to the consensus estimate of $572.03 million. During the same quarter in the previous year, the business earned $0.36 EPS. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, research analysts predict that TTM Technologies, Inc. will post 1.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price target on shares of TTM Technologies in a report on Wednesday, January 31st.

Insiders Place Their Bets

In other news, insider Tom Clapprood sold 3,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $16.48, for a total value of $57,680.00. Following the completion of the transaction, the insider now directly owns 52,264 shares in the company, valued at $861,310.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by 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.