Cim Investment Management Inc. increased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) by 100.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 33,214 shares of the technology company’s stock after buying an additional 16,607 shares during the quarter. Cim Investment Management Inc.’s holdings in TTM Technologies were worth $456,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in TTM Technologies by 20.1% in the 3rd quarter. Invesco Ltd. now owns 1,772,409 shares of the technology company’s stock worth $22,280,000 after buying an additional 297,059 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in TTM Technologies in the 3rd quarter worth about $342,000. Strs Ohio grew its stake in shares of TTM Technologies by 67.5% during the 4th quarter. Strs Ohio now owns 71,200 shares of the technology company’s stock valued at $1,060,000 after purchasing an additional 28,700 shares during the period. Point72 Hong Kong Ltd grew its stake in shares of TTM Technologies by 576.2% during the 3rd quarter. Point72 Hong Kong Ltd now owns 12,131 shares of the technology company’s stock valued at $152,000 after purchasing an additional 10,337 shares during the period. Finally, Maryland State Retirement & Pension System bought a new stake in shares of TTM Technologies during the 3rd quarter valued at about $541,000. Institutional investors own 99.86% of the company’s stock.
TTMI stock opened at $13.81 on Monday. TTM Technologies, Inc. has a twelve month low of $9.76 and a twelve month high of $15.89. The company has a current ratio of 2.52, a quick ratio of 2.29 and a debt-to-equity ratio of 0.64. The stock has a market cap of $1.40 billion, a PE ratio of 27.62 and a beta of 1.65. The company’s 50-day moving average is $13.40.
A number of equities research analysts have issued reports on TTMI shares. Truist Financial downgraded TTM Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $14.00 in a research note on Thursday, February 10th. TheStreet upgraded TTM Technologies from a “c” rating to a “b-” rating in a research note on Thursday, March 24th. Zacks Investment Research downgraded TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 16th. Finally, StockNews.com upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, April 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.33.
TTM Technologies Company Profile (Get Rating)
TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.
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