TTM Technologies, Inc. (NASDAQ:TTMI – Get Free Report) insider Tom Clapprood sold 1,239 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $208.95, for a total transaction of $258,889.05. Following the sale, the insider directly owned 20,773 shares in the company, valued at approximately $4,340,518.35. This represents a 5.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Tom Clapprood also recently made the following trade(s):
- On Tuesday, June 23rd, Tom Clapprood sold 3,035 shares of TTM Technologies stock. The stock was sold at an average price of $209.80, for a total value of $636,743.00.
TTM Technologies Stock Performance
Shares of NASDAQ:TTMI opened at $179.70 on Thursday. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. TTM Technologies, Inc. has a 1-year low of $39.20 and a 1-year high of $223.83. The stock has a market capitalization of $18.66 billion, a P/E ratio of 97.14 and a beta of 2.09. The business has a 50-day moving average price of $176.32 and a two-hundred day moving average price of $122.65.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in shares of TTM Technologies by 3.5% in the fourth quarter. Invesco Ltd. now owns 4,980,091 shares of the technology company’s stock worth $343,626,000 after acquiring an additional 166,188 shares in the last quarter. Whale Rock Capital Management LLC raised its position in shares of TTM Technologies by 112.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after purchasing an additional 2,260,035 shares during the period. Polar Capital Holdings Plc bought a new position in shares of TTM Technologies during the 3rd quarter valued at about $176,376,000. Geode Capital Management LLC lifted its holdings in shares of TTM Technologies by 3.2% during the 4th 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. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of TTM Technologies by 22.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,237,627 shares of the technology company’s stock valued at $154,396,000 after purchasing an additional 406,202 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.
TTM Technologies News Summary
Here are the key news stories impacting TTM Technologies this week:
- Positive Sentiment: Zacks recently highlighted TTMI as a top growth stock and added it to its Strong Buy/momentum lists, reinforcing bullish sentiment around the company’s earnings outlook and price momentum. Why TTM Technologies (TTMI) is a Top Growth Stock for the Long-Term
- Positive Sentiment: The company is benefiting from strong prior-quarter results and upbeat analyst targets, with recent reports noting earnings and revenue beat estimates and multiple firms maintaining Buy ratings. TTM Technologies stock page
- Positive Sentiment: Tradr announced leveraged ETFs tied to TTM Technologies, which may increase trading interest and improve visibility among active investors. Tradr Introduces Leveraged ETFs on Ciena, Quantinuum, Rambus, Tower Semiconductor and TTM Technologies
Analysts Set New Price Targets
Several equities analysts have weighed in on TTMI shares. B. Riley Financial increased 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. Needham & Company LLC upped their price target on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Stifel Nicolaus increased their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Truist Financial boosted their price objective on shares of TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.00.
Get Our Latest Research Report 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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