May Hill Capital LLC raised its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 79.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 31,916 shares of the technology company’s stock after buying an additional 14,107 shares during the period. May Hill Capital LLC’s holdings in TTM Technologies were worth $2,202,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Horizon Investment Services LLC increased its stake in TTM Technologies by 255.7% during the 3rd quarter. Horizon Investment Services LLC now owns 27,570 shares of the technology company’s stock valued at $1,588,000 after buying an additional 19,820 shares during the period. Oak Ridge Investments LLC acquired a new position in TTM Technologies during the 3rd quarter valued at about $1,812,000. Navellier & Associates Inc. acquired a new position in TTM Technologies during the 3rd quarter valued at about $3,271,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in TTM Technologies during the 4th quarter valued at about $668,000. Finally, Lisanti Capital Growth LLC increased its stake in TTM Technologies by 142.2% during the 3rd quarter. Lisanti Capital Growth LLC now owns 92,107 shares of the technology company’s stock valued at $5,305,000 after buying an additional 54,072 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.
TTM Technologies Stock Performance
Shares of TTMI opened at $167.35 on Friday. TTM Technologies, Inc. has a one year low of $28.12 and a one year high of $180.00. The company has a 50-day moving average of $119.22 and a two-hundred day moving average of $94.27. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 90.46 and a beta of 2.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61.
Analyst Ratings Changes
Several research firms have commented on TTMI. Needham & Company LLC raised their target price 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. Truist Financial raised their price objective on shares of TTM Technologies from $115.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. B. Riley Financial restated a “buy” rating on shares of TTM Technologies in a research report on Friday, April 24th. Finally, Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.50.
Get Our Latest Research Report on TTMI
Insider Activity
In other TTM Technologies news, EVP Catherine A. Gridley sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $105.94, for a total value of $2,118,800.00. Following the completion of the transaction, the executive vice president directly owned 78,645 shares in the company, valued at $8,331,651.30. This trade represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas T. Edman sold 16,800 shares of the firm’s stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 53,600 shares of company stock valued at $5,509,880. Corporate 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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