MYDA Advisors LLC bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the technology company’s stock, valued at approximately $1,035,000.
Other institutional investors have also recently modified their holdings of the company. Optiver Holding B.V. grew its stake in shares of TTM Technologies by 66.4% in 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 last quarter. Kestra Advisory Services LLC purchased a new stake in shares of TTM Technologies in the fourth quarter worth $30,000. Bessemer Group Inc. grew its stake in shares of TTM Technologies by 448.8% in 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 last quarter. Rakuten Securities Inc. purchased a new stake in shares of TTM Technologies in the fourth quarter worth $32,000. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of TTM Technologies in the fourth quarter worth $34,000. 95.79% of the stock is owned by hedge funds and other institutional investors.
TTM Technologies Stock Performance
TTM Technologies stock opened at $194.05 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. TTM Technologies, Inc. has a one year low of $35.01 and a one year high of $200.68. The stock has a market capitalization of $20.15 billion, a PE ratio of 104.89 and a beta of 2.10. The business’s fifty day moving average is $152.57 and its 200 day moving average is $110.62.
Insider Activity at TTM Technologies
In related news, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total transaction of $1,683,864.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on TTMI shares. Wall Street Zen cut TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Truist Financial increased their target price on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. B. Riley Financial increased their target price on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Finally, Stifel Nicolaus increased their target price on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $209.00.
View Our Latest Stock Report on TTMI
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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