11,071 Shares in TTM Technologies, Inc. $TTMI Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,071 shares of the technology company’s stock, valued at approximately $1,360,000.

A number of other large investors have also made changes to their positions in TTMI. BlackRock Inc. acquired a new stake in shares of TTM Technologies in the second quarter valued at approximately $2,053,347,000. Atalan Capital Partners LP purchased a new position in TTM Technologies during the second quarter worth approximately $189,234,000. Wellington Management Group LLP lifted its position in TTM Technologies by 61.9% during the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after buying an additional 867,255 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in TTM Technologies during the second quarter worth $114,470,000. Finally, Palestra Capital Management LLC acquired a new position in TTM Technologies during the second quarter worth $105,214,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Trading Up 6.9%

TTMI opened at $66.51 on Friday. The stock has a market capitalization of $7.01 billion, a PE ratio of 26.50 and a beta of 2.25. TTM Technologies, Inc. has a one year low of $55.44 and a one year high of $223.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 1.67. The business’s 50 day moving average price is $108.96 and its 200 day moving average price is $126.91.

TTM Technologies (NASDAQ:TTMI – Get Free Report) last posted its earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.21. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 59.9% compared to the same quarter last year. As a group, equities research analysts expect that TTM Technologies, Inc. will post 4.36 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Needham & Company LLC dropped their target price on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Stifel Nicolaus reduced their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Truist Financial dropped their price objective on shares of TTM Technologies from $231.00 to $170.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.25.

Get Our Latest Analysis on TTM Technologies

Insider Buying and Selling

In related news, CEO Edwin Roks bought 5,000 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were bought at an average price of $88.07 per share, with a total value of $440,350.00. Following the completion of the transaction, the chief executive officer directly owned 64,483 shares of the company’s stock, valued at $5,679,017.81. This represents a 8.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Dale Knecht sold 26,198 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders acquired 35,000 shares of company stock valued at $3,092,050. 1.30% of the stock is currently owned by insiders.

TTM Technologies Company Profile

(Free Report)

TTM Technologies, Inc designs and manufactures printed circuit boards (PCBs) and radio-frequency (RF) and microwave components and assemblies. Its products support the development and operation of electronic systems used in communications, data infrastructure, aerospace and defense, automotive, medical, and industrial applications.

The company provides engineering and manufacturing services, including PCB design support, prototyping, and production. TTM serves customers around the world through operations in North America and Asia.

Founded in 1998, TTM Technologies is headquartered in Santa Ana, California.

Further Reading

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Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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