Private Advisor Group LLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,675 shares of the technology company’s stock, valued at approximately $1,527,000.
Other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in TTM Technologies during the 4th quarter worth about $30,000. Truvestments Capital LLC bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. bought a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $32,000. Wolff Wiese Magana LLC acquired a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $34,000. Finally, Danske Bank A S bought a new position in TTM Technologies in the 4th quarter worth approximately $34,000. 95.79% of the stock is owned by institutional investors.
TTM Technologies Trading Down 2.4%
Shares of NASDAQ:TTMI traded down $3.53 during mid-day trading on Friday, reaching $146.44. The stock had a trading volume of 1,660,304 shares, compared to its average volume of 2,964,412. The firm has a 50 day simple moving average of $178.19 and a two-hundred day simple moving average of $126.23. TTM Technologies, Inc. has a twelve month low of $39.20 and a twelve month high of $223.83. The firm has a market cap of $15.21 billion, a PE ratio of 79.16 and a beta of 2.10. The company has a current ratio of 1.88, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50.
Insider Buying and Selling
In related news, EVP Shawn A. Powers sold 9,856 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $2,067,788.80. Following the completion of the sale, the executive vice president owned 119,268 shares in the company, valued at $25,022,426.40. This represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Dale Martin Knecht sold 6,754 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $1,416,921.66. Following the sale, the senior vice president directly owned 68,350 shares in the company, valued at $14,339,146.50. The trade was a 8.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 82,043 shares of company stock worth $17,191,859 over the last ninety days. Insiders own 1.30% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Truist Financial increased their price objective on TTM Technologies from $180.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. B. Riley Financial upped their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC raised their price objective on shares of TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of TTM Technologies in a research report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $212.00.
Read 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 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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