Vise Technologies Inc. acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,051 shares of the technology company’s stock, valued at approximately $1,319,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTMI. BlackRock Inc. bought a new position in shares of TTM Technologies in the 2nd quarter valued at about $2,053,347,000. Polar Capital Holdings Plc acquired a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $176,376,000. Invesco Ltd. raised its stake in shares of TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock worth $277,281,000 after buying an additional 2,699,494 shares during the last quarter. Whale Rock Capital Management LLC raised its stake 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 buying an additional 2,260,035 shares during the last quarter. Finally, Castle Hook Partners LP acquired a new position in TTM Technologies in the fourth quarter valued at approximately $133,351,000. 95.79% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, SVP Dale Martin Knecht sold 26,198 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $142.00, for a total value of $3,720,116.00. Following the sale, the senior vice president directly owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. The trade was a 39.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Douglas L. Soder sold 8,902 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the sale, the executive vice president directly owned 208,245 shares in the company, valued at $43,687,718.55. This represents a 4.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 108,241 shares of company stock valued at $20,911,975. 1.30% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on TTMI
TTM Technologies Price Performance
Shares of TTMI opened at $110.54 on Friday. The stock has a 50 day simple moving average of $151.67 and a 200 day simple moving average of $135.98. TTM Technologies, Inc. has a 52-week low of $40.46 and a 52-week high of $223.83. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. The firm has a market capitalization of $11.65 billion, a PE ratio of 49.79 and a beta of 2.14.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $962.04 million. During the same period last year, the company posted $0.58 EPS. The business’s quarterly revenue was up 37.4% on a year-over-year basis. Sell-side analysts predict that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.
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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