First Eagle Investment Management LLC decreased its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 28.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 546,069 shares of the technology company’s stock after selling 212,242 shares during the period. First Eagle Investment Management LLC owned about 0.54% of TTM Technologies worth $22,291,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of TTM Technologies by 2.7% during the first quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company’s stock valued at $10,414,000 after acquiring an additional 13,299 shares during the period. Emerald Advisers LLC lifted its holdings in TTM Technologies by 34.3% during the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock valued at $29,533,000 after purchasing an additional 367,798 shares during the last quarter. Jump Financial LLC lifted its holdings in TTM Technologies by 419.1% during the 1st quarter. Jump Financial LLC now owns 73,336 shares of the technology company’s stock valued at $1,504,000 after purchasing an additional 59,209 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its position in TTM Technologies by 23.0% in the first quarter. Paradigm Capital Management Inc. NY now owns 53,500 shares of the technology company’s stock valued at $1,097,000 after buying an additional 10,000 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in TTM Technologies by 86.7% during the first quarter. Allianz Asset Management GmbH now owns 127,100 shares of the technology company’s stock worth $2,607,000 after buying an additional 59,035 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors.
TTM Technologies Stock Performance
TTM Technologies stock opened at $68.11 on Friday. The company has a market cap of $7.04 billion, a PE ratio of 54.06 and a beta of 1.66. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $71.17. The company’s 50-day moving average is $55.59 and its two-hundred day moving average is $43.20.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on TTMI shares. Needham & Company LLC lifted their target price on shares of TTM Technologies from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. B. Riley reaffirmed a “buy” rating on shares of TTM Technologies in a research note on Thursday, October 30th. Finally, Stifel Nicolaus increased their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, TTM Technologies currently has a consensus rating of “Buy” and an average target price of $65.00.
Get Our Latest Analysis on TTM Technologies
Insider Buying and Selling
In other news, insider Robert P. Farrell sold 3,476 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $68.93, for a total value of $239,600.68. Following the transaction, the insider directly owned 20,346 shares in the company, valued at $1,402,449.78. This trade represents a 14.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven Spoto sold 3,484 shares of TTM Technologies stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total value of $162,284.72. Following the sale, the insider directly owned 28,649 shares of the company’s stock, valued at approximately $1,334,470.42. This trade represents a 10.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 55,953 shares of company stock worth $2,503,755. Company insiders own 1.30% of the company’s stock.
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.
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