Empowered Funds LLC Buys 11,776 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Empowered Funds LLC grew its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 556,986 shares of the technology company’s stock after acquiring an additional 11,776 shares during the period. Empowered Funds LLC owned 0.55% of TTM Technologies worth $13,785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in TTM Technologies by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after buying an additional 659 shares during the period. USA Financial Formulas acquired a new position in TTM Technologies in the fourth quarter valued at approximately $25,000. KBC Group NV lifted its holdings in TTM Technologies by 47.4% in the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company’s stock valued at $109,000 after buying an additional 1,416 shares during the period. Finally, Quarry LP acquired a new position in TTM Technologies in the third quarter valued at approximately $34,000. 95.79% of the stock is owned by institutional investors.

TTM Technologies Stock Down 3.6 %

Shares of NASDAQ:TTMI opened at $25.75 on Friday. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.70 and a current ratio of 1.99. The company has a market capitalization of $2.63 billion, a PE ratio of 47.69 and a beta of 1.19. The company has a 50 day moving average price of $25.12 and a two-hundred day moving average price of $21.85.

TTM Technologies (NASDAQ:TTMI) last issued 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 net margin of 2.30% and a return on equity of 9.74%. Analysts forecast that TTM Technologies, Inc. will post 1.74 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In other news, EVP Shawn A. Powers sold 6,400 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $23.74, for a total transaction of $151,936.00. Following the completion of the sale, the executive vice president now owns 95,341 shares of the company’s stock, valued at $2,263,395.34. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeff Jankowsky sold 5,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total transaction of $121,150.00. Following the sale, the insider now directly owns 55,273 shares of the company’s stock, valued at $1,339,264.79. This represents a 8.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,261 shares of company stock valued at $1,043,417. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC increased their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday.

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.