Vanguard Group Inc. Has $225.11 Million Stake in TTM Technologies, Inc. (TTMI)
Vanguard Group Inc. lifted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,967,044 shares of the technology company’s stock after purchasing an additional 1,133,604 shares during the quarter. Vanguard Group Inc. owned 12.74% of TTM Technologies worth $225,108,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of TTM Technologies by 111.0% in the 1st quarter. FMR LLC now owns 2,823,070 shares of the technology company’s stock worth $45,536,000 after purchasing an additional 1,484,825 shares during the last quarter. LSV Asset Management grew its holdings in shares of TTM Technologies by 492.0% in the 2nd quarter. LSV Asset Management now owns 2,508,368 shares of the technology company’s stock worth $43,545,000 after purchasing an additional 2,084,668 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of TTM Technologies by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,465,564 shares of the technology company’s stock worth $42,803,000 after purchasing an additional 336,830 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of TTM Technologies by 2.0% in the 1st quarter. Macquarie Group Ltd. now owns 1,950,378 shares of the technology company’s stock worth $31,460,000 after purchasing an additional 38,491 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of TTM Technologies by 6.4% in the 1st quarter. State Street Corp now owns 1,870,812 shares of the technology company’s stock worth $30,176,000 after purchasing an additional 112,550 shares during the last quarter.
In other TTM Technologies news, Director Kenton K. Alder sold 3,000 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $14.29, for a total transaction of $42,870.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 9,000 shares of company stock valued at $142,260. Insiders own 28.40% of the company’s stock.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.50 target price on shares of TTM Technologies in a report on Thursday, September 28th. ValuEngine lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. J P Morgan Chase & Co set a $22.00 target price on shares of TTM Technologies and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, BidaskClub lowered shares of TTM Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.50.
Shares of TTM Technologies, Inc. (TTMI) opened at 15.57 on Friday. The firm’s 50-day moving average is $14.96 and its 200-day moving average is $16.13. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 21.78 and a beta of 1.56. TTM Technologies, Inc. has a one year low of $11.00 and a one year high of $19.54.
TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). The business had revenue of $627.20 million for the quarter, compared to analyst estimates of $625.43 million. TTM Technologies had a return on equity of 17.05% and a net margin of 2.97%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. Analysts expect that TTM Technologies, Inc. will post $1.52 EPS for the current fiscal year.
TTM Technologies Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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