Miles Capital Inc. Acquires Shares of 10,416 TTM Technologies, Inc. (TTMI)

Miles Capital Inc. acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 10,416 shares of the technology company’s stock, valued at approximately $101,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC raised its holdings in shares of TTM Technologies by 55.3% in the third quarter. MetLife Investment Advisors LLC now owns 67,468 shares of the technology company’s stock valued at $1,073,000 after acquiring an additional 24,029 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of TTM Technologies by 2.1% in the third quarter. Macquarie Group Ltd. now owns 2,377,048 shares of the technology company’s stock valued at $37,819,000 after acquiring an additional 48,000 shares in the last quarter. Man Group plc raised its holdings in TTM Technologies by 489.3% in the third quarter. Man Group plc now owns 72,934 shares of the technology company’s stock worth $1,161,000 after purchasing an additional 60,558 shares in the last quarter. Vanguard Group Inc raised its holdings in TTM Technologies by 0.5% in the third quarter. Vanguard Group Inc now owns 12,178,218 shares of the technology company’s stock worth $193,755,000 after purchasing an additional 65,344 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in TTM Technologies by 6.7% in the third quarter. Legal & General Group Plc now owns 212,352 shares of the technology company’s stock worth $3,390,000 after purchasing an additional 13,330 shares in the last quarter.

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In related news, Director Philip G. Franklin acquired 4,905 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average price of $11.78 per share, for a total transaction of $57,780.90. Following the completion of the acquisition, the director now directly owns 84,561 shares in the company, valued at approximately $996,128.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Philip G. Franklin acquired 5,095 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were bought at an average price of $11.76 per share, for a total transaction of $59,917.20. Following the acquisition, the director now owns 79,656 shares of the company’s stock, valued at $936,754.56. The disclosure for this purchase can be found here. Corporate insiders own 10.10% of the company’s stock.

TTMI opened at $11.49 on Friday. TTM Technologies, Inc. has a 52-week low of $8.97 and a 52-week high of $19.91. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.60 and a current ratio of 1.77. The stock has a market cap of $1.19 billion, a PE ratio of 11.05 and a beta of 2.22.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.05. TTM Technologies had a net margin of 5.92% and a return on equity of 15.55%. The firm had revenue of $755.84 million for the quarter, compared to the consensus estimate of $750.89 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts anticipate that TTM Technologies, Inc. will post 1.13 earnings per share for the current fiscal year.

TTMI has been the subject of a number of recent research reports. ValuEngine downgraded shares of TTM Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Cross Research downgraded shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub upgraded shares of TTM Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 25th. Macquarie initiated coverage on shares of TTM Technologies in a report on Monday, October 8th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research upgraded shares of TTM Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $20.50.

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About TTM Technologies

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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