Lisanti Capital Growth LLC lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 25.8% in the fourth quarter, Holdings Channel reports. The firm owned 68,322 shares of the technology company’s stock after selling 23,785 shares during the period. Lisanti Capital Growth LLC’s holdings in TTM Technologies were worth $4,714,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in TTM Technologies by 144.2% during the fourth quarter. IFP Advisors Inc now owns 691 shares of the technology company’s stock valued at $48,000 after purchasing an additional 408 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in TTM Technologies during the fourth quarter valued at approximately $1,035,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in TTM Technologies during the fourth quarter valued at approximately $12,734,000. Larson Financial Group LLC grew its holdings in TTM Technologies by 5.2% during the fourth quarter. Larson Financial Group LLC now owns 4,185 shares of the technology company’s stock valued at $289,000 after purchasing an additional 207 shares during the period. Finally, ProShare Advisors LLC grew its holdings in TTM Technologies by 4.7% during the fourth quarter. ProShare Advisors LLC now owns 19,926 shares of the technology company’s stock valued at $1,375,000 after purchasing an additional 901 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 $189.92 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. TTM Technologies, Inc. has a twelve month low of $28.12 and a twelve month high of $191.73. The firm’s 50 day moving average price is $126.79 and its two-hundred day moving average price is $98.07. The firm has a market cap of $19.72 billion, a P/E ratio of 102.66 and a beta of 2.11.
Analysts Set New Price Targets
TTMI has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of TTM Technologies from $115.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Needham & Company LLC boosted their price objective on shares of TTM Technologies from $125.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. B. Riley Financial restated a “buy” rating on shares of TTM Technologies in a report on Wednesday. Finally, 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 note on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, TTM Technologies has an average rating of “Moderate Buy” and an average price target of $149.50.
Get Our Latest Stock Report on TTM Technologies
Insiders Place Their Bets
In other TTM Technologies news, Director Thomas T. Edman sold 16,800 shares of TTM Technologies stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.
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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