Macquarie Group Ltd. grew its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,688,334 shares of the technology company’s stock after purchasing an additional 22,880 shares during the quarter. Macquarie Group Ltd. owned approximately 5.54% of TTM Technologies worth $76,736,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of TTMI. Vanguard Group Inc. increased its position in shares of TTM Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 11,435,839 shares of the technology company’s stock valued at $169,479,000 after acquiring an additional 208,288 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in TTM Technologies by 15.2% in the 1st quarter. Thrivent Financial for Lutherans now owns 8,849,064 shares of the technology company’s stock valued at $119,373,000 after buying an additional 1,165,318 shares during the period. Dimensional Fund Advisors LP grew its stake in TTM Technologies by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,141,569 shares of the technology company’s stock worth $109,828,000 after purchasing an additional 175,670 shares in the last quarter. State Street Corp boosted its stake in shares of TTM Technologies by 1.1% in the 3rd quarter. State Street Corp now owns 4,095,940 shares of the technology company’s stock valued at $53,984,000 after buying an additional 46,541 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of TTM Technologies by 8.4% during the third quarter. Alliancebernstein L.P. now owns 3,540,435 shares of the technology company’s stock worth $46,663,000 after buying an additional 275,805 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Analysts Set New Price Targets
TTMI has been the subject of several analyst reports. TheStreet upgraded shares of TTM Technologies from a “c+” rating to a “b-” rating in a report on Tuesday, August 22nd. Needham & Company LLC reissued a “buy” rating and issued a $17.00 target price (up previously from $15.00) on shares of TTM Technologies in a report on Thursday, August 3rd. Truist Financial lifted their price target on TTM Technologies from $12.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, StockNews.com initiated coverage on TTM Technologies in a research report on Thursday, August 17th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, TTM Technologies presently has an average rating of “Hold” and an average price target of $15.33.
Insider Buying and Selling at TTM Technologies
In related news, insider Robert P. Farrell sold 4,032 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $14.95, for a total transaction of $60,278.40. Following the completion of the sale, the insider now directly owns 21,699 shares of the company’s stock, valued at $324,400.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Tony Sanchez sold 7,131 shares of TTM Technologies stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $13.43, for a total value of $95,769.33. Following the sale, the vice president now directly owns 23,256 shares in the company, valued at $312,328.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert P. Farrell sold 4,032 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $14.95, for a total value of $60,278.40. Following the completion of the sale, the insider now directly owns 21,699 shares of the company’s stock, valued at approximately $324,400.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,163 shares of company stock worth $845,908. 1.30% of the stock is owned by insiders.
TTM Technologies Stock Up 0.5 %
Shares of NASDAQ TTMI traded up $0.06 during mid-day trading on Wednesday, reaching $13.03. The company had a trading volume of 211,953 shares, compared to its average volume of 565,403. The firm has a 50 day simple moving average of $14.25 and a two-hundred day simple moving average of $13.41. TTM Technologies, Inc. has a 52-week low of $11.13 and a 52-week high of $17.46. The company has a current ratio of 2.22, a quick ratio of 1.91 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.35 billion, a P/E ratio of 26.47 and a beta of 1.41.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.12. TTM Technologies had a return on equity of 8.78% and a net margin of 2.12%. The company had revenue of $546.51 million for the quarter, compared to analyst estimates of $552.52 million. During the same quarter last year, the company posted $0.50 earnings per share. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. Sell-side analysts predict that TTM Technologies, Inc. will post 0.92 earnings per share for the current year.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale engineered 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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