BW Gestao de Investimentos Ltda. bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,000 shares of the technology company’s stock, valued at approximately $1,382,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Optiver Holding B.V. increased its position in shares of TTM Technologies by 66.4% during the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after purchasing an additional 170 shares during the last quarter. 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 worth $27,000 after buying an additional 377 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in TTM Technologies during the third quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its position in TTM Technologies by 52.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock valued at $51,000 after buying an additional 430 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in TTM Technologies during the third quarter valued at approximately $60,000. 95.79% of the stock is owned by hedge funds and other institutional investors.
TTM Technologies Stock Performance
TTMI opened at $96.80 on Tuesday. The company has a 50 day simple moving average of $93.24 and a two-hundred day simple moving average of $71.99. 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 cap of $10.01 billion, a P/E ratio of 57.28 and a beta of 1.74. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $113.46.
Insider Buying and Selling at TTM Technologies
In other news, EVP Catherine A. Gridley sold 20,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $105.94, for a total value of $2,118,800.00. Following the transaction, the executive vice president directly owned 78,645 shares in the company, valued at $8,331,651.30. The trade was a 20.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Weber sold 12,000 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $93.88, for a total value of $1,126,560.00. Following the sale, the executive vice president owned 94,621 shares of the company’s stock, valued at $8,883,019.48. This represents a 11.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,150 shares of company stock valued at $9,900,522 over the last ninety days. 1.30% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
TTMI has been the topic of several analyst reports. Stifel Nicolaus set a $108.00 price target on shares of TTM Technologies in a research note on Thursday, February 5th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Truist Financial set a $113.00 target price on TTM Technologies in a report on Wednesday, January 14th. B. Riley Financial lifted their target price on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, TTM Technologies has an average rating of “Buy” and a consensus price target of $117.25.
Check Out Our Latest Stock 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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