Thrivent Financial for Lutherans trimmed its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 29.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 967,461 shares of the technology company’s stock after selling 413,175 shares during the period. Thrivent Financial for Lutherans’ holdings in TTM Technologies were worth $66,755,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of TTMI. Royal Bank of Canada lifted its position in shares of TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after acquiring an additional 10,565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TTM Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after acquiring an additional 2,632 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after acquiring an additional 115,766 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of TTM Technologies by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock valued at $3,908,000 after acquiring an additional 13,691 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of TTM Technologies by 1,150.2% during the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock valued at $2,869,000 after acquiring an additional 128,700 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.
TTM Technologies Trading Down 2.6%
Shares of TTM Technologies stock opened at $167.35 on Friday. The company has a market capitalization of $17.38 billion, a P/E 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. TTM Technologies, Inc. has a 1 year low of $28.12 and a 1 year high of $180.00. The business has a 50 day moving average price of $119.22 and a 200 day moving average price of $94.27.
Insider Buying and Selling at TTM Technologies
In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $100.23, for a total value of $1,683,864.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the sale, the executive vice president directly owned 78,645 shares of the company’s stock, valued at $8,331,651.30. This represents a 20.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,600 shares of company stock valued at $5,509,880 over the last quarter. 1.30% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on TTMI. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $108.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Needham & Company LLC lifted their price objective on TTM Technologies from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded 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, Truist Financial lifted their price objective on TTM Technologies from $115.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.50.
Get Our Latest Stock Report on TTMI
About TTM Technologies
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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