TTM Technologies, Inc. (TTMI) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. raised its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 6.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,072,137 shares of the technology company’s stock after acquiring an additional 121,759 shares during the quarter. Macquarie Group Ltd. owned approximately 2.04% of TTM Technologies worth $35,972,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in TTM Technologies in the 1st quarter valued at $101,000. Riverhead Capital Management LLC grew its position in TTM Technologies by 71.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,860 shares of the technology company’s stock valued at $119,000 after acquiring an additional 2,860 shares during the last quarter. Pacad Investment Ltd. bought a new position in TTM Technologies in the 2nd quarter valued at $133,000. Sei Investments Co. grew its position in TTM Technologies by 197.1% in the 2nd quarter. Sei Investments Co. now owns 9,235 shares of the technology company’s stock valued at $161,000 after acquiring an additional 6,127 shares during the last quarter. Finally, Sigma Planning Corp bought a new position in TTM Technologies in the 2nd quarter valued at $176,000.
In related news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $14.29, for a total value of $42,870.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 9,000 shares of company stock worth $142,260 in the last quarter. Company insiders own 28.40% of the company’s stock.
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Several brokerages have commented on TTMI. Stifel Nicolaus raised TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 price objective on the stock in a research report on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. J P Morgan Chase & Co set a $22.00 price objective on TTM Technologies and gave the company a “buy” rating in a research report on Wednesday, August 16th. ValuEngine downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.50.
TTM Technologies, Inc. (NASDAQ:TTMI) traded up 0.26% during trading on Monday, hitting $15.67. The stock had a trading volume of 22,203 shares. The firm has a 50 day moving average of $14.60 and a 200-day moving average of $16.13. The company has a market cap of $1.60 billion, a P/E ratio of 21.92 and a beta of 1.56. TTM Technologies, Inc. has a one year low of $10.85 and a one year high of $19.54.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). The firm had revenue of $627.20 million during the quarter, compared to analysts’ expectations of $625.43 million. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. TTM Technologies’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. Equities analysts anticipate that TTM Technologies, Inc. will post $1.53 earnings per share for the current fiscal year.
TTM Technologies Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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