Meeder Asset Management Inc. Invests $89,000 in TTM Technologies, Inc. (NASDAQ:TTMI)

Meeder Asset Management Inc. acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,588 shares of the technology company’s stock, valued at approximately $89,000.

Several other large investors also recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in TTM Technologies by 75.6% in the third quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after purchasing an additional 99,512 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of TTM Technologies by 391.6% during the 4th 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 during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of TTM Technologies by 33.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock worth $993,000 after buying an additional 9,980 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of TTM Technologies by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company’s stock worth $12,238,000 after buying an additional 13,918 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in TTM Technologies by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after acquiring an additional 30,738 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Philip Titterton sold 24,792 shares of the stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction dated 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 owns 95,153 shares in the company, valued at approximately $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock valued at $1,316,006 over the last three months. Company insiders own 1.30% of the company’s stock.

TTM Technologies Trading Up 1.0 %

NASDAQ TTMI opened at $20.71 on Wednesday. The firm has a market capitalization of $2.10 billion, a PE ratio of 38.35 and a beta of 1.19. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The company has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $23.05. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

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

Analyst Upgrades and Downgrades

TTMI has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus assumed coverage on TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective on the stock.

TTM Technologies Company 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.