Venturi Wealth Management LLC Takes Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Venturi Wealth Management LLC bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,850 shares of the technology company’s stock, valued at approximately $95,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new position in shares of TTM Technologies during the 3rd quarter valued at about $18,600,000. Point72 Hong Kong Ltd acquired a new stake in TTM Technologies during the third quarter valued at approximately $15,314,000. Emerald Advisers LLC bought a new stake in TTM Technologies during the third quarter worth approximately $13,693,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of TTM Technologies in the third quarter valued at $10,120,000. Finally, Loomis Sayles & Co. L P lifted its position in shares of TTM Technologies by 41.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock valued at $22,804,000 after acquiring an additional 367,608 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Price Performance

TTMI opened at $25.36 on Monday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 46.96 and a beta of 1.19. The stock has a fifty day moving average of $25.33 and a 200-day moving average of $22.31. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Stifel Nicolaus initiated coverage on TTM Technologies in a report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price on the stock. Needham & Company LLC lifted their price target on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th.

Insider Buying and Selling at TTM Technologies

In other news, COO Philip Titterton sold 24,792 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was 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 of the company’s stock, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeff Jankowsky sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 55,273 shares of the company’s stock, valued at approximately $1,339,264.79. The trade was a 8.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 85,317 shares of company stock valued at $2,174,996 in the last quarter. Company insiders own 1.30% of the company’s stock.

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.