Quantbot Technologies LP acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 8,374 shares of the technology company’s stock, valued at approximately $1,566,000.
Other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new stake in shares of TTM Technologies in the 2nd quarter worth $29,000. Kestra Advisory Services LLC purchased a new position in TTM Technologies during the fourth quarter worth about $30,000. Truvestments Capital LLC purchased a new position in TTM Technologies during the fourth quarter worth about $30,000. GoalVest Advisory LLC lifted its position in TTM Technologies by 456.7% in the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. Finally, Parallel Advisors LLC lifted its position in TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after purchasing an additional 87 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.
TTM Technologies Stock Down 3.1%
TTMI stock opened at $107.12 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $149.68 and its 200 day moving average price is $136.21. TTM Technologies, Inc. has a 52 week low of $42.69 and a 52 week high of $223.83. The company has a market cap of $11.29 billion, a P/E ratio of 48.25 and a beta of 2.15.
Insider Transactions at TTM Technologies
In related news, SVP Dale Martin Knecht sold 26,198 shares of TTM Technologies stock in a transaction on Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Douglas L. Soder sold 8,902 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $1,867,550.58. Following the sale, the executive vice president owned 208,245 shares in the company, valued at approximately $43,687,718.55. The trade was a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 108,241 shares of company stock worth $20,911,975 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have issued reports on TTMI. Wall Street Zen upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of TTM Technologies in a research note on Tuesday, August 18th. Stifel Nicolaus upped their price objective on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, B. Riley Financial upped their price objective on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, TTM Technologies presently has a consensus rating of “Buy” and a consensus target price of $214.25.
Read Our Latest Stock 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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