Florida Financial Advisors LLC acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 25,683 shares of the technology company’s stock, valued at approximately $1,479,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in TTMI. Royal Bank of Canada boosted its stake in TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after purchasing an additional 10,565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TTM Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock worth $1,232,000 after buying an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in TTM Technologies by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after buying an additional 115,766 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of TTM Technologies by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock valued at $3,908,000 after buying an additional 13,691 shares in the last quarter. Finally, Jane Street Group LLC raised its position in TTM Technologies by 1,150.2% in the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after purchasing an additional 128,700 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.
TTM Technologies Price Performance
Shares of TTMI stock opened at $91.80 on Friday. The firm’s 50 day moving average price is $83.79 and its two-hundred day moving average price is $65.21. The stock has a market cap of $9.49 billion, a PE ratio of 54.32 and a beta of 1.75. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $111.00.
Wall Street Analysts Forecast Growth
TTMI has been the topic of several analyst reports. Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Stifel Nicolaus set a $108.00 target price on TTM Technologies in a report on Thursday, February 5th. Needham & Company LLC lifted their price objective on TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Finally, B. Riley Financial lifted their price target on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $117.25.
Check Out Our Latest Research Report on TTM Technologies
Insider Buying and Selling at TTM Technologies
In other news, insider Anthony Joseph Sandeen sold 2,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $67.30, for a total value of $134,600.00. Following the completion of the sale, the insider owned 41,442 shares of the company’s stock, valued at approximately $2,789,046.60. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julie Spicer England sold 3,784 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total transaction of $239,678.56. Following the transaction, the director owned 106,541 shares in the company, valued at approximately $6,748,306.94. The trade was a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 40,027 shares of company stock valued at $3,203,963. Corporate insiders own 1.30% of the company’s stock.
TTM Technologies Company Profile
TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.
Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.
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