First Eagle Investment Management LLC lessened its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 26.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 264,219 shares of the technology company’s stock after selling 96,034 shares during the period. First Eagle Investment Management LLC’s holdings in TTM Technologies were worth $18,231,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Trek Financial LLC bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $565,000. Swiss Life Asset Management Ltd raised its stake in shares of TTM Technologies by 79.3% during the fourth quarter. Swiss Life Asset Management Ltd now owns 8,332 shares of the technology company’s stock valued at $575,000 after acquiring an additional 3,685 shares in the last quarter. EWA LLC bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $209,000. Sequoia Financial Advisors LLC bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $256,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of TTM Technologies by 3,743.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 3,421 shares of the technology company’s stock valued at $236,000 after acquiring an additional 3,332 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.
TTM Technologies Stock Up 3.6%
TTM Technologies stock opened at $162.99 on Tuesday. The business has a fifty day moving average of $114.32 and a two-hundred day moving average of $91.42. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The firm has a market cap of $16.93 billion, a P/E ratio of 88.10 and a beta of 2.11. TTM Technologies, Inc. has a twelve month low of $28.05 and a twelve month high of $180.00.
Insiders Place Their Bets
In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction 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 available through this link. Also, EVP Daniel J. Weber sold 12,000 shares of TTM Technologies stock in a transaction on Friday, February 13th. The stock was sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the completion of the transaction, the executive vice president directly owned 94,621 shares in the company, valued at $8,883,019.48. This represents a 11.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 88,350 shares of company stock valued at $8,797,770. 1.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
TTMI has been the topic of several recent research reports. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Stifel Nicolaus increased their target price on shares of TTM Technologies from $108.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, April 20th. B. Riley Financial reissued a “buy” rating on shares of TTM Technologies in a report on Friday, April 24th. Truist Financial upped their target price on TTM Technologies from $115.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Needham & Company LLC upped their target price on TTM Technologies from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, TTM Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $149.50.
Read Our Latest Stock Analysis on TTM Technologies
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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