American Century Companies Inc. lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 24.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,369,234 shares of the technology company’s stock after selling 441,566 shares during the period. American Century Companies Inc. owned about 1.33% of TTM Technologies worth $55,892,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Focus Partners Wealth raised its stake in 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 acquiring an additional 343 shares during the period. Yousif Capital Management LLC lifted its holdings in 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 purchasing an additional 374 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in TTM Technologies by 2.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the technology company’s stock worth $865,000 after purchasing an additional 500 shares during the period. CWM LLC grew its holdings in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock valued at $92,000 after buying an additional 567 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of TTM Technologies by 30.6% during the second quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock valued at $132,000 after buying an additional 760 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.
TTM Technologies Price Performance
TTMI stock opened at $68.29 on Friday. The stock has a market cap of $7.06 billion, a PE ratio of 54.20 and a beta of 1.66. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $71.85. The company has a 50-day moving average price of $61.01 and a 200 day moving average price of $47.72. The company has a current ratio of 2.03, a quick ratio of 1.72 and a debt-to-equity ratio of 0.56.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on TTMI shares. Needham & Company LLC upped their target price on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. B. Riley reissued a “buy” rating on shares of TTM Technologies in a report on Thursday, October 30th. Stifel Nicolaus lifted their target price on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $65.50.
Check Out Our Latest Analysis on TTMI
Insiders Place Their Bets
In other news, Director John G. Mayer sold 9,167 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $68.13, for a total value of $624,547.71. Following the transaction, the director directly owned 165,140 shares in the company, valued at approximately $11,250,988.20. This represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert P. Farrell sold 3,476 shares of TTM Technologies stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $68.93, for a total transaction of $239,600.68. Following the sale, the insider owned 20,346 shares of the company’s stock, valued at $1,402,449.78. The trade was a 14.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,070 shares of company stock worth $1,213,845 in the last 90 days. 1.30% of the stock is owned by insiders.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.
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