US Bancorp DE Buys 16,862 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

US Bancorp DE grew its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 27.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 78,966 shares of the technology company’s stock after acquiring an additional 16,862 shares during the period. US Bancorp DE owned about 0.08% of TTM Technologies worth $926,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of TTM Technologies by 8.7% in the first quarter. Oppenheimer & Co. Inc. now owns 12,500 shares of the technology company’s stock valued at $147,000 after purchasing an additional 1,000 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in shares of TTM Technologies by 4.1% in the first quarter. Mason Street Advisors LLC now owns 29,836 shares of the technology company’s stock valued at $350,000 after purchasing an additional 1,181 shares in the last quarter. Sapphire Star Partners LP lifted its holdings in shares of TTM Technologies by 2.6% in the fourth quarter. Sapphire Star Partners LP now owns 47,467 shares of the technology company’s stock valued at $462,000 after purchasing an additional 1,194 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of TTM Technologies by 0.9% in the first quarter. Arizona State Retirement System now owns 143,312 shares of the technology company’s stock valued at $1,681,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of TTM Technologies by 15.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,606 shares of the technology company’s stock valued at $136,000 after purchasing an additional 1,515 shares in the last quarter.

Shares of NASDAQ TTMI traded down $0.05 during mid-day trading on Monday, hitting $10.15. The company had a trading volume of 991,318 shares, compared to its average volume of 1,034,655. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.74 and a current ratio of 1.92. The firm’s 50-day moving average price is $9.74. TTM Technologies, Inc. has a 12 month low of $8.49 and a 12 month high of $19.91. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 7.36 and a beta of 2.54.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. TTM Technologies had a net margin of 5.71% and a return on equity of 13.44%. The firm had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $628.46 million. Analysts anticipate that TTM Technologies, Inc. will post 0.36 EPS for the current fiscal year.

A number of analysts have recently issued reports on TTMI shares. BidaskClub upgraded TTM Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. TheStreet downgraded TTM Technologies from a “b-” rating to a “c+” rating in a research report on Friday, May 24th. ValuEngine raised TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Needham & Company LLC started coverage on TTM Technologies in a research report on Tuesday, May 7th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.00.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.

Featured Story: How a Strangle Strategy is different from a Straddle Strategy

Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.