Gamco Investors INC. ET AL decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 56.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,510 shares of the technology company’s stock after selling 19,011 shares during the quarter. Gamco Investors INC. ET AL’s holdings in TTM Technologies were worth $1,001,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of TTMI. Optiver Holding B.V. raised its stake in TTM Technologies by 66.4% during the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after acquiring an additional 170 shares during the period. Bessemer Group Inc. raised its stake in TTM Technologies by 448.8% during the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after acquiring an additional 377 shares during the period. Rakuten Securities Inc. acquired a new stake in TTM Technologies during the fourth quarter worth about $32,000. Wolff Wiese Magana LLC acquired a new stake in TTM Technologies during the fourth quarter worth about $34,000. Finally, Danske Bank A S acquired a new stake in TTM Technologies during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 95.79% of the company’s stock.
TTM Technologies Price Performance
NASDAQ TTMI opened at $189.92 on Friday. TTM Technologies, Inc. has a 12 month low of $28.12 and a 12 month high of $191.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The firm has a market capitalization of $19.72 billion, a PE ratio of 102.66 and a beta of 2.11. The company’s 50 day simple moving average is $126.79 and its 200 day simple moving average is $98.07.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Truist Financial raised their price target on shares of TTM Technologies from $115.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus raised their price target on shares of TTM Technologies from $108.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday. Finally, Needham & Company LLC raised their price target on shares of TTM Technologies from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.
Get Our Latest Stock Analysis on TTMI
Insider Transactions at TTM Technologies
In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total value of $1,683,864.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.
TTM Technologies 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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