Alps Advisors Inc. purchased a new stake in shares of TTM Technologies (NASDAQ:TTMI) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,381 shares of the technology company’s stock, valued at approximately $434,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TTMI. FDx Advisors Inc. purchased a new stake in TTM Technologies in the 4th quarter worth approximately $160,000. Leucadia National Corp purchased a new stake in TTM Technologies in the 4th quarter worth approximately $203,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in TTM Technologies by 61.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,029 shares of the technology company’s stock worth $204,000 after acquiring an additional 4,981 shares in the last quarter. LPL Financial LLC purchased a new stake in TTM Technologies in the 4th quarter worth approximately $208,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in TTM Technologies in the 4th quarter worth approximately $211,000.
Shares of TTMI opened at $16.12 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.93. TTM Technologies has a 1 year low of $15.82 and a 1 year high of $15.99. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 15.50 and a beta of 1.76.
TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, May 2nd. The technology company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. TTM Technologies had a net margin of 3.76% and a return on equity of 10.32%. The business had revenue of $663.58 million during the quarter, compared to analyst estimates of $638.80 million. During the same period last year, the firm posted $0.37 EPS. The company’s revenue was up 6.1% on a year-over-year basis. analysts forecast that TTM Technologies will post 1.03 earnings per share for the current fiscal year.
TTMI has been the subject of several analyst reports. JPMorgan Chase reissued an “overweight” rating and issued a $20.00 target price (down from $22.00) on shares of TTM Technologies in a report on Thursday, February 8th. BidaskClub lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Needham & Company LLC cut their price objective on shares of TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating for the company in a report on Thursday, February 8th. Zacks Investment Research raised shares of TTM Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus cut their price objective on shares of TTM Technologies from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $19.50.
In other TTM Technologies news, insider William Kent Hardwick sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $15.66, for a total transaction of $31,320.00. Following the completion of the sale, the insider now directly owns 43,152 shares of the company’s stock, valued at approximately $675,760.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Daniel J. Weber sold 8,630 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $15.89, for a total transaction of $137,130.70. Following the sale, the senior vice president now directly owns 30,642 shares of the company’s stock, valued at $486,901.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 141,288 shares of company stock valued at $2,274,950. Insiders own 10.10% of the company’s stock.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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