Paradigm Capital Management Incny buys $22.7 Million stake in TTM Technologies (TTMI)

TTM Technologies (TTMI) : Paradigm Capital Management Incny scooped up 130,000 additional shares in TTM Technologies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 3,580,179 shares of TTM Technologies which is valued at $22.7 Million.TTM Technologies makes up approximately 2.95% of Paradigm Capital Management Incny’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in TTMI by selling 1,500 shares or 3.84% in the most recent quarter. The Hedge Fund company now holds 37,597 shares of TTMI which is valued at $237,989.Manufacturers Life Insurance Company The boosted its stake in TTMI in the latest quarter, The investment management firm added 293 additional shares and now holds a total of 40,428 shares of TTM Technologies which is valued at $255,909. Proshare Advisors sold out all of its stake in TTMI during the most recent quarter. The investment firm sold 10,193 shares of TTMI which is valued $66,255.California Public Employees Retirement System reduced its stake in TTMI by selling 4,000 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 403,653 shares of TTMI which is valued at $2.6 Million.Aperio Group boosted its stake in TTMI in the latest quarter, The investment management firm added 3,711 additional shares and now holds a total of 18,801 shares of TTM Technologies which is valued at $122,583.

TTM Technologies opened for trading at $6.6 and hit $7 on the upside on Friday, eventually ending the session at $6.99, with a gain of 6.39% or 0.42 points. The heightened volatility saw the trading volume jump to 9,25,037 shares. Company has a market cap of $700,160 M.

On the company’s financial health, TTM Technologies reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.08. The company had revenue of $583.30 million for the quarter, compared to analysts expectations of $584.97 million. The company’s revenue was up 77.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

TTM Technologies Inc. is a provider of printed circuit board (PCB) products and backplane assemblies which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the People’s Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific which consists of five PCB fabrication plants and North America which consists of seven domestic PCB fabrication plants including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants and one backplane assembly plant in Shanghai China which is managed in conjunction with its United States operations. It 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 high-end computing and industrial/medical industries.

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