Bank of Montreal Can Has $1.99 Million Holdings in TTM Technologies, Inc. (TTMI)

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Bank of Montreal Can lowered its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 42.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,052 shares of the technology company’s stock after selling 148,752 shares during the period. Bank of Montreal Can owned about 0.20% of TTM Technologies worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in TTMI. Bowling Portfolio Management LLC acquired a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $1,129,000. Peregrine Capital Management LLC lifted its holdings in shares of TTM Technologies by 49.8% in the 4th quarter. Peregrine Capital Management LLC now owns 692,983 shares of the technology company’s stock valued at $6,743,000 after buying an additional 230,511 shares during the period. Vanguard Group Inc lifted its holdings in shares of TTM Technologies by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 12,178,218 shares of the technology company’s stock valued at $193,755,000 after buying an additional 65,344 shares during the period. Marshall Wace LLP acquired a new stake in shares of TTM Technologies in the 3rd quarter valued at approximately $6,955,000. Finally, Vanguard Group Inc. lifted its holdings in shares of TTM Technologies by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,178,218 shares of the technology company’s stock valued at $193,755,000 after buying an additional 65,344 shares during the period.

Several analysts have recently commented on TTMI shares. ValuEngine cut TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Cross Research cut TTM Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub raised TTM Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. Finally, Zacks Investment Research raised TTM Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $20.67.

In other news, Director Philip G. Franklin acquired 4,905 shares of TTM Technologies stock in a transaction that occurred on Tuesday, November 20th. The stock was purchased at an average cost of $11.78 per share, with a total value of $57,780.90. Following the completion of the acquisition, the director now owns 84,561 shares in the company, valued at approximately $996,128.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip G. Franklin acquired 5,095 shares of TTM Technologies stock in a transaction that occurred on Thursday, November 15th. The shares were purchased at an average cost of $11.76 per share, with a total value of $59,917.20. Following the completion of the acquisition, the director now owns 79,656 shares of the company’s stock, valued at approximately $936,754.56. The disclosure for this purchase can be found here. Insiders own 10.10% of the company’s stock.

Shares of TTMI stock opened at $11.98 on Tuesday. The firm has a market cap of $1.21 billion, a P/E ratio of 8.68 and a beta of 2.24. TTM Technologies, Inc. has a 1 year low of $8.97 and a 1 year high of $19.91. The company has a quick ratio of 1.63, a current ratio of 1.79 and a debt-to-equity ratio of 1.19.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, February 6th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $710.84 million. TTM Technologies had a return on equity of 15.10% and a net margin of 6.10%. TTM Technologies’s revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, research analysts predict that TTM Technologies, Inc. will post 0.65 earnings per share for the current year.

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TTM Technologies Company 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.

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

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