Baader Bank Aktiengesellschaft acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) during the 1st quarter, Holdings Channel.com reports. The firm acquired 15,800 shares of the technology company’s stock, valued at approximately $1,539,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of TTM Technologies in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new position in shares of TTM Technologies during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. acquired a new stake in TTM Technologies during the fourth quarter worth approximately $32,000. Parallel Advisors LLC boosted its position in TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after acquiring an additional 87 shares during the last quarter. Finally, Wolff Wiese Magana LLC purchased a new stake in TTM Technologies in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.
TTM Technologies Trading Up 0.9%
Shares of TTMI opened at $133.17 on Tuesday. TTM Technologies, Inc. has a 12 month low of $39.20 and a 12 month high of $223.83. The stock’s 50-day moving average is $175.41 and its two-hundred day moving average is $129.35. 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 stock has a market cap of $13.83 billion, a PE ratio of 71.98 and a beta of 2.10.
Insider Buying and Selling at TTM Technologies
In related news, EVP Catherine A. Gridley sold 3,056 shares of TTM Technologies stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $638,520.64. Following the sale, the executive vice president owned 71,866 shares of the company’s stock, valued at $15,015,682.04. The trade was a 4.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert P. Farrell sold 1,304 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.92, for a total transaction of $272,431.68. Following the completion of the transaction, the insider owned 16,995 shares in the company, valued at $3,550,595.40. This represents a 7.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 82,043 shares of company stock worth $17,191,859. 1.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have weighed in on TTMI. Wall Street Zen downgraded TTM Technologies from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Stifel Nicolaus raised their price objective on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Truist Financial increased their target price on TTM Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a report on Monday, May 18th. Finally, Needham & Company LLC raised their target price on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, TTM Technologies has an average rating of “Moderate Buy” and an average price target of $212.00.
Get 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 systemâlevel 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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