MetLife Investment Management LLC Boosts Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Posted by on Mar 2nd, 2023

MetLife Investment Management LLC grew its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Get Rating) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,054 shares of the technology company’s stock after buying an additional 2,138 shares during the quarter. MetLife Investment Management LLC owned 0.05% of TTM Technologies worth $726,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTMI. Quadrant Capital Group LLC raised its position in shares of TTM Technologies by 345.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,564 shares of the technology company’s stock valued at $32,000 after buying an additional 1,988 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new position in TTM Technologies in the 3rd quarter worth $35,000. Nomura Asset Management Co. Ltd. raised its position in TTM Technologies by 42.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the technology company’s stock worth $36,000 after purchasing an additional 800 shares during the period. Signaturefd LLC raised its position in TTM Technologies by 30.8% in the 3rd quarter. Signaturefd LLC now owns 6,182 shares of the technology company’s stock worth $81,000 after purchasing an additional 1,456 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new position in TTM Technologies in the 3rd quarter worth $137,000. Hedge funds and other institutional investors own 96.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TTMI. Stifel Nicolaus cut shares of TTM Technologies from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research report on Thursday, January 26th. TheStreet cut shares of TTM Technologies from a “b-” rating to a “c+” rating in a research report on Tuesday. Needham & Company LLC decreased their target price on shares of TTM Technologies from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, February 9th. Finally, StockNews.com cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 31st.

TTM Technologies Price Performance

TTMI stock opened at $13.51 on Thursday. The firm’s 50-day moving average price is $15.31 and its two-hundred day moving average price is $15.10. TTM Technologies, Inc. has a 12-month low of $11.53 and a 12-month high of $17.49. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 14.68 and a beta of 1.45. The company has a current ratio of 1.96, a quick ratio of 1.74 and a debt-to-equity ratio of 0.57.

TTM Technologies (NASDAQ:TTMI – Get Rating) last released its quarterly earnings data on Wednesday, February 8th. The technology company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. TTM Technologies had a net margin of 3.79% and a return on equity of 10.99%. The firm had revenue of $617.16 million for the quarter, compared to analysts’ expectations of $657.33 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities analysts predict that TTM Technologies, Inc. will post 0.97 earnings per share for the current year.

TTM Technologies Company Profile

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TTM Technologies, Inc engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board (PCB), RF&S Components, and Electro-Mechanical Solutions. The PCB segment consists of fifteen domestic PCB and sub-system plants, five PCB fabrication plants in China, and one in Canada.

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Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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