Florida Financial Advisors LLC purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,683 shares of the technology company’s stock, valued at approximately $1,479,000.
Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of TTM Technologies by 8.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,512 shares of the technology company’s stock valued at $202,000 after buying an additional 268 shares during the last quarter. Focus Partners Wealth raised its position in shares of TTM Technologies by 1.1% during the 1st quarter. Focus Partners Wealth now owns 31,944 shares of the technology company’s stock worth $655,000 after buying an additional 343 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of TTM Technologies by 1.0% in the 2nd quarter. Yousif Capital Management LLC now owns 38,027 shares of the technology company’s stock worth $1,552,000 after acquiring an additional 374 shares during the period. Bessemer Group Inc. boosted its holdings in shares of TTM Technologies by 448.8% in the third quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock valued at $27,000 after acquiring an additional 377 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of TTM Technologies by 1.4% during the third quarter. Arizona State Retirement System now owns 30,063 shares of the technology company’s stock valued at $1,732,000 after acquiring an additional 425 shares during the period. 95.79% of the stock is currently owned by institutional investors.
TTM Technologies Stock Down 0.6%
TTMI stock opened at $91.80 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.93 and a quick ratio of 1.67. The firm has a market capitalization of $9.49 billion, a P/E ratio of 54.32 and a beta of 1.75. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $111.00. The company’s 50 day simple moving average is $83.79 and its 200-day simple moving average is $65.21.
Insiders Place Their Bets
In other TTM Technologies news, insider Robert P. Farrell sold 643 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $66.98, for a total value of $43,068.14. Following the transaction, the insider owned 19,406 shares in the company, valued at approximately $1,299,813.88. This represents a 3.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $96.12, for a total transaction of $1,614,816.00. Following the completion of the sale, the director owned 783,406 shares of the company’s stock, valued at approximately $75,300,984.72. The trade was a 2.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 40,027 shares of company stock valued at $3,203,963. 1.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on TTMI. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Needham & Company LLC lifted their target price on TTM Technologies from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Truist Financial set a $113.00 price target on shares of TTM Technologies in a report on Wednesday, January 14th. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Finally, Stifel Nicolaus set a $108.00 target price on shares of TTM Technologies in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, TTM Technologies currently has a consensus rating of “Buy” and a consensus price target of $117.25.
View Our Latest Analysis on TTMI
TTM Technologies 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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