Paradigm Capital Management Inc decreased its stake in Ttm Technologies Inc. (TTMI) by 33.82% based on its latest 2016Q3 regulatory filing with the SEC. Paradigm Capital Management Inc sold 1.23M shares as the company’s stock rose 54.52% with the market. The institutional investor held 2.41 million shares of the technology company at the end of 2016Q3, valued at $27.56 million, down from 3.64M at the end of the previous reported quarter. Paradigm Capital Management Inc who had been investing in Ttm Technologies Inc. for a number of months, seems to be less bullish one the $1.40 billion market cap company. The stock increased 2.21% or $0.3 during the last trading session, hitting $13.9. TTM Technologies, Inc. (NASDAQ:TTMI) has risen 71.27% since June 7, 2016 and is uptrending. It has outperformed by 63.85% the S&P500.
Paradigm Capital Management Inc, which manages about $953.04M US Long portfolio, upped its stake in Ply Gem Hldgs Inc. (NYSE:PGEM) by 290,700 shares to 1.14M shares, valued at $15.17 million in 2016Q3, according to the filing. It also increased its holding in Francesca’s Holdings Corp. (NASDAQ:FRAN) by 567,200 shares in the quarter, for a total of 609,200 shares, and has risen its stake in Allscripts Healthcare Solution (NASDAQ:MDRX).
Insitutional Activity: The institutional sentiment increased to 3.22 in 2016 Q3. Its up 1.76, from 1.46 in 2016Q2. The ratio is positive, as 14 funds sold all TTMI shares owned while 27 reduced positions. 59 funds bought stakes while 73 increased positions. They now own 147.25 million shares or 108.74% more from 70.54 million shares in 2016Q2. Mason Street Ltd Limited Liability Company accumulated 14,860 shares or 0% of the stock. The New Jersey-based Systematic Financial Limited Partnership has invested 0.21% in TTM Technologies, Inc. (NASDAQ:TTMI). Ls Inv Advsrs Ltd Liability Corp reported 2,628 shares or 0% of all its holdings. Us Savings Bank De holds 554 shares or 0% of its portfolio. Employees Retirement Association Of Colorado holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 26,578 shares. Clinton Group accumulated 0.05% or 88,260 shares. Connor Clark And Lunn Investment Ltd has 100,300 shares for 0.01% of their US portfolio. Blackrock Advsr Limited Com holds 0% or 38,507 shares in its portfolio. Great West Life Assurance Company Can has 0% invested in the company for 100,604 shares. Hbk Invs Ltd Partnership, a Texas-based fund reported 172,346 shares. Moreover, Deere And has 0.09% invested in TTM Technologies, Inc. (NASDAQ:TTMI) for 142,993 shares. Riverhead Capital Mgmt Limited Liability Co holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 2,500 shares. Cipher Lp owns 110,808 shares or 0.08% of their US portfolio. Alps Advsr owns 40,181 shares or 0% of their US portfolio. Price T Rowe Associate Md holds 0% of its portfolio in TTM Technologies, Inc. (NASDAQ:TTMI) for 39,450 shares.
Insider Transactions: Since July 19, 2016, the stock had 0 insider buys, and 15 sales for $5.82 million net activity. 10,222 shares with value of $106,624 were sold by Weber Daniel J on Monday, August 1. Another trade for 36,823 shares valued at $366,069 was made by ALDER KENTON K on Tuesday, July 19. $263,571 worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares were sold by Princiotta Anthony J. $732,375 worth of TTM Technologies, Inc. (NASDAQ:TTMI) shares were sold by Chung Tai Keung. Barber Brian W had sold 31,841 shares worth $331,493. $1.31M worth of TTM Technologies, Inc. (NASDAQ:TTMI) was sold by Soder Douglas L on Wednesday, November 2. Shares for $4,232 were sold by Hardwick William Kent.
Analysts await TTM Technologies, Inc. (NASDAQ:TTMI) to report earnings on February, 2. They expect $0.45 EPS, up 400.00% or $0.36 from last year’s $0.09 per share. TTMI’s profit will be $45.32 million for 7.72 P/E if the $0.45 EPS becomes a reality. After $0.36 actual EPS reported by TTM Technologies, Inc. for the previous quarter, Wall Street now forecasts 25.00% EPS growth.
More important recent TTM Technologies, Inc. (NASDAQ:TTMI) news were published by: Forbes.com which released: “TTM Technologies Reaches Analyst Target Price” on October 28, 2016, also Fool.com published article titled: “Why TTM Technologies, Inc. Is Rising Today”, Fool.com published: “Why TTM Technologies, Inc. Jumped As Much As 17% Higher Today” on July 28, 2016. More interesting news about TTM Technologies, Inc. (NASDAQ:TTMI) was released by: Globenewswire.com and their article: “TTM Technologies, Inc. Recognized as Excellent Core Partner by FiberHome …” with publication date: December 15, 2016.
According to Zacks Investment Research, “TTM Technologies, Inc. provides time-critical, one-stop manufacturing services for highly complex printed circuit boards. Its printed circuit boards serve as the foundation of electronic products such as routers, switches, computer memory modules and communications infrastructure equipment. Its customers include manufacturers of these electronic products and their suppliers. Its customers primarily serve such rapidly growing segments of the electronics industry as networking, high-end computing, including servers, and computer peripherals.”
TTM Technologies, Inc. (NASDAQ:TTMI) Ratings Coverage
Out of 4 analysts covering TTM Tech (NASDAQ:TTMI), 3 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 75% are positive. $15 is the highest target while $9 is the lowest. The $12.67 average target is -8.85% below today’s ($13.9) stock price. TTM Tech has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded the shares of TTMI in a report on Monday, August 10 to “Hold” rating. The company was maintained on Wednesday, November 30 by Stifel Nicolaus. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) earned “Buy” rating by Needham on Thursday, October 27. The stock of TTM Technologies, Inc. (NASDAQ:TTMI) has “Buy” rating given on Thursday, August 6 by Needham. The rating was downgraded by TheStreet to “Sell” on Friday, September 4. On Monday, January 11 the stock rating was maintained by Stifel Nicolaus with “Buy”.
TTMI Company Profile
TTM Technologies, Inc., incorporated on June 21, 2005, is a maker of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). The Firm operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico. The Company’s operating divisions include PCB, which consists of approximately 15 domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants; over eight PCB fabrication plants in China and one in Canada, and E-M Solutions, which consists of approximately four custom electronic assembly plants; over three in China and one in Mexico. The Firm serves a range of customer base in various markets, including manufacturers of networking/communications infrastructure products, smartphones and touchscreen tablets, as well as the aerospace and defense, computing and industrial/medical industries. The Company’s clients include both original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) providers. The Firm offers a range of PCB products, including high density interconnect (HDI) PCBs, conventional PCBs, flexible PCBs, rigid-flex PCBs, backplane assemblies and integrated circuits (IC) substrates. It also offers certain services to support its customers’ needs, which include design for manufacturability (DFM) support during new product introduction stages; PCB layout design; simulation and testing services; QTA production, and drilling and routing services.
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