Federated Hermes Inc. grew its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 18.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,994 shares of the technology company’s stock after buying an additional 49,913 shares during the quarter. Federated Hermes Inc. owned 0.31% of TTM Technologies worth $4,249,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Captrust Financial Advisors boosted its holdings in TTM Technologies by 5.2% during the second quarter. Captrust Financial Advisors now owns 13,221 shares of the technology company’s stock worth $165,000 after purchasing an additional 658 shares during the last quarter. EMC Capital Management boosted its holdings in TTM Technologies by 4.4% during the fourth quarter. EMC Capital Management now owns 21,155 shares of the technology company’s stock worth $319,000 after purchasing an additional 900 shares during the last quarter. Signaturefd LLC boosted its holdings in TTM Technologies by 17.5% during the fourth quarter. Signaturefd LLC now owns 7,264 shares of the technology company’s stock worth $110,000 after purchasing an additional 1,082 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in TTM Technologies by 47.1% during the first quarter. Ronald Blue Trust Inc. now owns 3,449 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,104 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in TTM Technologies by 5.1% during the fourth quarter. Russell Investments Group Ltd. now owns 23,803 shares of the technology company’s stock worth $359,000 after purchasing an additional 1,163 shares during the last quarter. 96.01% of the stock is currently owned by institutional investors and hedge funds.
TTM Technologies Stock Up 0.6 %
TTMI opened at $14.57 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 2.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 29.74 and a beta of 1.43. TTM Technologies, Inc. has a twelve month low of $11.13 and a twelve month high of $17.49. The company’s 50-day moving average price is $14.02 and its two-hundred day moving average price is $13.48.
Analysts Set New Price Targets
Several research firms recently weighed in on TTMI. Needham & Company LLC restated a “buy” rating and set a $17.00 price target (up from $15.00) on shares of TTM Technologies in a report on Thursday, August 3rd. StockNews.com assumed coverage on shares of TTM Technologies in a report on Thursday, May 18th. They set a “hold” rating on the stock. Stifel Nicolaus dropped their target price on shares of TTM Technologies from $14.00 to $13.00 in a research note on Thursday, May 4th. Finally, Truist Financial boosted their target price on shares of TTM Technologies from $12.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.33.
Get Our Latest Research Report on TTM Technologies
Insider Activity
In other news, VP Tony Sanchez sold 7,131 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $13.43, for a total value of $95,769.33. Following the sale, the vice president now owns 23,256 shares of the company’s stock, valued at $312,328.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Dale Martin Knecht sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $15.09, for a total transaction of $301,800.00. Following the sale, the senior vice president now owns 90,684 shares of the company’s stock, valued at approximately $1,368,421.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Tony Sanchez sold 7,131 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $13.43, for a total transaction of $95,769.33. Following the sale, the vice president now directly owns 23,256 shares in the company, valued at approximately $312,328.08. The disclosure for this sale can be found here. Insiders have sold a total of 47,163 shares of company stock valued at $696,408 over the last quarter. Company insiders own 1.30% of the company’s stock.
TTM Technologies Profile
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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