Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 11,781 shares of the technology company’s stock, valued at approximately $813,000.
Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of TTM Technologies during the fourth quarter worth approximately $668,000. Navellier & Associates Inc. acquired a new position in shares of TTM Technologies in the third quarter valued at $3,271,000. Geode Capital Management LLC raised its stake in shares of TTM Technologies by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,667,956 shares of the technology company’s stock valued at $184,119,000 after purchasing an additional 81,588 shares in the last quarter. Wealth High Governance Capital Ltda raised its stake in shares of TTM Technologies by 408.6% in the fourth quarter. Wealth High Governance Capital Ltda now owns 183,079 shares of the technology company’s stock valued at $12,632,000 after purchasing an additional 147,079 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of TTM Technologies by 338.6% in the third quarter. PNC Financial Services Group Inc. now owns 12,777 shares of the technology company’s stock valued at $736,000 after purchasing an additional 9,864 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.
TTM Technologies Stock Performance
TTM Technologies stock opened at $167.62 on Friday. 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 stock has a fifty day moving average price of $143.94 and a two-hundred day moving average price of $106.13. TTM Technologies, Inc. has a 52-week low of $32.57 and a 52-week high of $200.68. The firm has a market capitalization of $17.41 billion, a P/E ratio of 90.61 and a beta of 2.09.
Insider Transactions at TTM Technologies
In other TTM Technologies 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages recently commented on TTMI. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 29th. Truist Financial upped their target price on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. B. Riley Financial upped their target price on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research note on Monday, May 18th. Finally, Stifel Nicolaus upped their target price on TTM Technologies from $175.00 to $205.00 and gave the company 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 stock. According to MarketBeat.com, TTM Technologies currently has a consensus rating of “Buy” and an average price target of $209.00.
Get Our Latest Stock Analysis on TTM Technologies
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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