Counterpoint Mutual Funds LLC Acquires 3,863 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Counterpoint Mutual Funds LLC grew its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,751 shares of the technology company’s stock after purchasing an additional 3,863 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in TTM Technologies were worth $761,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of TTM Technologies by 6.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company’s stock worth $423,000 after acquiring an additional 1,000 shares in the last quarter. USA Financial Formulas bought a new position in shares of TTM Technologies during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its stake in shares of TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,220 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of TTM Technologies by 47.4% during the 4th quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,416 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on TTMI shares. Stifel Nicolaus started coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective for the company. Needham & Company LLC boosted their target price 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.

TTM Technologies Stock Performance

TTMI opened at $21.83 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The firm has a fifty day moving average price of $24.68 and a 200 day moving average price of $22.73. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $30.41. The stock has a market cap of $2.23 billion, a P/E ratio of 40.43 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other TTM Technologies news, EVP Catherine A. Gridley sold 6,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $26.25, for a total transaction of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares in the company, valued at approximately $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the sale, the senior vice president now owns 86,346 shares of the company’s stock, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,817 shares of company stock worth $1,316,006. Company insiders own 1.30% of the company’s stock.

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.