Panagora Asset Management Inc. lifted its position in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 502,675 shares of the technology company’s stock after purchasing an additional 6,404 shares during the quarter. Panagora Asset Management Inc.’s holdings in TTM Technologies were worth $34,685,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in TTM Technologies during the fourth quarter worth approximately $668,000. Geode Capital Management LLC boosted its position in shares of TTM Technologies by 3.2% during 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 buying an additional 81,588 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of TTM Technologies by 338.6% during the third quarter. PNC Financial Services Group Inc. now owns 12,777 shares of the technology company’s stock valued at $736,000 after buying an additional 9,864 shares during the period. Wealth High Governance Capital Ltda boosted its position in shares of TTM Technologies by 408.6% during 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 buying an additional 147,079 shares during the period. Finally, Royce & Associates LP boosted its position in shares of TTM Technologies by 103.5% during the fourth quarter. Royce & Associates LP now owns 269,046 shares of the technology company’s stock valued at $18,564,000 after buying an additional 136,845 shares during the period. 95.79% of the stock is owned by institutional investors.
TTM Technologies Stock Up 6.5%
Shares of NASDAQ TTMI opened at $206.66 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88. The firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of 111.71 and a beta of 2.10. The stock has a 50 day moving average price of $154.76 and a 200 day moving average price of $111.59. TTM Technologies, Inc. has a 52-week low of $35.52 and a 52-week high of $209.08.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $208.00 target price on shares of TTM Technologies in a research report on Thursday, June 11th. B. Riley Financial boosted their target price on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Stifel Nicolaus boosted their target price on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 29th. Finally, Wall Street Zen lowered TTM Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, TTM Technologies has an average rating of “Buy” and an average target price of $209.00.
Read Our Latest Analysis on TTMI
Insider Activity
In related news, Director Thomas T. Edman sold 16,800 shares of the business’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 value of $1,683,864.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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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