Jupiter Asset Management Ltd. raised its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 385,905 shares of the technology company’s stock after purchasing an additional 34,428 shares during the period. Jupiter Asset Management Ltd. owned 0.37% of TTM Technologies worth $26,627,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horizon Investment Services LLC boosted its stake in TTM Technologies by 255.7% during the 3rd quarter. Horizon Investment Services LLC now owns 27,570 shares of the technology company’s stock valued at $1,588,000 after purchasing an additional 19,820 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of TTM Technologies during the 4th quarter worth about $668,000. Navellier & Associates Inc. bought a new stake in shares of TTM Technologies during the 3rd quarter worth about $3,271,000. Lisanti Capital Growth LLC raised its position in shares of TTM Technologies by 142.2% during the 3rd quarter. Lisanti Capital Growth LLC now owns 92,107 shares of the technology company’s stock worth $5,305,000 after buying an additional 54,072 shares in the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of TTM Technologies during the 3rd quarter worth about $5,080,000. 95.79% of the stock is owned by institutional investors and hedge funds.
TTM Technologies Stock Down 7.5%
NASDAQ TTMI opened at $173.72 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.88 and a quick ratio of 1.61. The company’s 50 day simple moving average is $136.16 and its 200 day simple moving average is $102.25. TTM Technologies, Inc. has a 12 month low of $29.26 and a 12 month high of $200.68. The company has a market capitalization of $18.04 billion, a P/E ratio of 93.90 and a beta of 2.11.
Insider Activity at TTM Technologies
In related news, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $100.23, for a total value of $1,683,864.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms have commented on TTMI. Zacks Research downgraded shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Needham & Company LLC boosted their price target on shares of TTM Technologies from $160.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Stifel Nicolaus boosted their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, B. Riley Financial boosted their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.00.
Read Our Latest Research Report on TTMI
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.
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