Nordea Investment Management AB lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 28.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,731 shares of the technology company’s stock after selling 119,398 shares during the quarter. Nordea Investment Management AB owned approximately 0.29% of TTM Technologies worth $4,164,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Captrust Financial Advisors lifted its position in shares of TTM Technologies by 5.2% in the 2nd quarter. Captrust Financial Advisors now owns 13,221 shares of the technology company’s stock worth $165,000 after buying an additional 658 shares during the last quarter. EMC Capital Management boosted its position in TTM Technologies by 4.4% during the 4th quarter. EMC Capital Management now owns 21,155 shares of the technology company’s stock valued at $319,000 after purchasing an additional 900 shares during the period. Ronald Blue Trust Inc. boosted its position in TTM Technologies by 47.1% during the 1st quarter. Ronald Blue Trust Inc. now owns 3,449 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,104 shares during the period. Russell Investments Group Ltd. boosted its position in TTM Technologies by 5.1% during the 4th quarter. Russell Investments Group Ltd. now owns 23,803 shares of the technology company’s stock valued at $359,000 after purchasing an additional 1,163 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in TTM Technologies by 2.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,575 shares of the technology company’s stock valued at $657,000 after purchasing an additional 1,188 shares during the period. 96.87% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $17.00 price objective (up previously from $15.00) on shares of TTM Technologies in a research report on Thursday, August 3rd. TheStreet cut shares of TTM Technologies from a “b-” rating to a “c” rating in a research report on Wednesday. StockNews.com assumed coverage on shares of TTM Technologies in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Truist Financial raised their price target on TTM Technologies from $12.00 to $16.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $15.33.
Insider Buying and Selling at TTM Technologies
In other news, SVP Dale Martin Knecht sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $15.09, for a total transaction of $301,800.00. Following the completion of the sale, the senior vice president now directly owns 90,684 shares of the company’s stock, valued at approximately $1,368,421.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Robert P. Farrell sold 4,032 shares of TTM Technologies stock in a transaction that occurred 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 transaction, the insider now directly owns 21,699 shares of the company’s stock, valued at $324,400.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Dale Martin Knecht sold 20,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $15.09, for a total transaction of $301,800.00. Following the completion of the transaction, the senior vice president now directly owns 90,684 shares in the company, valued at $1,368,421.56. The disclosure for this sale can be found here. In the last three months, insiders sold 50,032 shares of company stock valued at $750,138. 1.30% of the stock is owned by insiders.
TTM Technologies Price Performance
Shares of NASDAQ:TTMI opened at $12.60 on Friday. TTM Technologies, Inc. has a 12 month low of $11.13 and a 12 month high of $17.46. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 25.71 and a beta of 1.41. The stock’s 50 day moving average price is $14.14 and its 200 day moving average price is $13.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.22 and a quick ratio of 1.91.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.32 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 firm had revenue of $546.51 million for the quarter, compared to analysts’ expectations of $552.52 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. Equities research analysts anticipate that TTM Technologies, Inc. will post 0.92 earnings per share for the current fiscal 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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