The Manufacturers Life Insurance Company Buys 47,646 Shares of TTM Technologies, Inc. $TTMI

The Manufacturers Life Insurance Company boosted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 91.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,777 shares of the technology company’s stock after purchasing an additional 47,646 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in TTM Technologies were worth $9,720,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in TTM Technologies in the 4th quarter worth $30,000. Truvestments Capital LLC acquired a new position in shares of TTM Technologies during the fourth quarter valued at about $30,000. Rakuten Securities Inc. bought a new stake in shares of TTM Technologies in the fourth quarter valued at about $32,000. Parallel Advisors LLC lifted its stake in shares of 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 buying an additional 87 shares during the period. Finally, Danske Bank A S acquired a new stake in TTM Technologies during the fourth quarter worth about $34,000. 95.79% of the stock is owned by institutional investors.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $121.21 on Tuesday. The firm has a market cap of $12.59 billion, a PE ratio of 65.52 and a beta of 2.15. TTM Technologies, Inc. has a 12 month low of $39.20 and a 12 month high of $223.83. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $166.18 and its two-hundred day moving average price is $133.05.

Insider Buying and Selling

In other news, SVP Dale Martin Knecht sold 6,754 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $1,416,921.66. Following the transaction, the senior vice president directly owned 68,350 shares of the company’s stock, valued at $14,339,146.50. The trade was a 8.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shawn A. Powers sold 9,856 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $2,067,788.80. Following the sale, the executive vice president owned 119,268 shares in the company, valued at approximately $25,022,426.40. This trade represents a 7.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,043 shares of company stock valued at $17,191,859 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TTMI has been the topic of several research reports. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Truist Financial lifted their price objective on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Needham & Company LLC upped their target price on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Finally, B. Riley Financial raised their target price on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

About TTM Technologies

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.