California State Teachers Retirement System reduced its holdings in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 7.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 102,220 shares of the technology company after selling 7,780 shares during the quarter. California State Teachers Retirement System owned about 0.10% of TTM Technologies worth $1,600,000 at the end of the last quarter.
A number of other institutional investors and hedge funds have also added to or reduced their holdings in TTMI. Headlands Technologies LLC acquired a new position in shares of TTM Technologies in the 1st quarter valued at around $37,000. EntryPoint Capital LLC increased its holdings in shares of TTM Technologies by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after purchasing an additional 3,254 shares in the last quarter. Versor Investments LP acquired a new position in shares of TTM Technologies in the 4th quarter valued at around $236,000. Larson Financial Group LLC acquired a new position in shares of TTM Technologies in the 1st quarter valued at around $266,000. Finally, ProShare Advisors LLC increased its holdings in shares of TTM Technologies by 5.9% in the 1st quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock valued at $322,000 after purchasing an additional 1,150 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.
Wall Street analysts comment
TTMI has been the subject of a number of research analyst reports. B. Riley raised their price target on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus increased their price target on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Truist Financial reiterated a “buy” rating and issued a $24.00 price target (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Finally, Needham & Company LLC increased their price target on TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five equities analysts have rated the stock with a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $24.31.
Check out our latest analysis on TTMI
Insider buying and selling at TTM Technologies
In other TTM Technologies news, insider Jeff Jankowsky sold 10,000 shares of TTM Technologies in a transaction that occurred on Wednesday, June 26. The shares were sold at an average price of $20.04, for a total transaction of $200,400.00. Following the completion of the transaction, the insider now owns 60,273 shares of the company’s stock, valued at approximately $1,207,870.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other TTM Technologies news, VP Tony Sanchez sold 6,940 shares of TTM Technologies in a transaction that occurred on Monday, June 24. The shares were sold at an average price of $19.00, for a total transaction of $131,860.00. Following the completion of the transaction, the vice president now owns 21,502 shares of the company’s stock, valued at approximately $408,538. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeff Jankowsky sold 10,000 shares of TTM Technologies in a transaction on Wednesday, June 26. The shares were sold at an average price of $20.04, for a total value of $200,400.00. After the sale, the insider now owns 60,273 shares of the company’s stock, valued at approximately $1,207,870.92. The disclosure regarding this sale can be found here. Insiders sold 99,009 shares of the company’s stock during the last quarter, valued at $1,869,659. 1.30% of the shares are currently owned by company insiders.
TTM Technologies trading up 1.7%
TTM Technologies shares opened at $18.04 on Monday. TTM Technologies, Inc. has a 1-year low of $11.14 and a 1-year high of $22.70. The company has a market cap of $1.84 billion, a P/E ratio of -902.00 and a beta of 1.25. The stock has a 50-day moving average price of $19.63 and a 200-day moving average price of $17.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.74.
TTM Technologies (NASDAQ:TTMI – Free Report) last announced its quarterly earnings results on Wednesday, July 31. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The company had revenue of $605.10 million for the quarter, compared to analyst estimates of $582.70 million. In the same quarter last year, the company reported earnings per share of $0.28. The company’s revenue for the quarter grew 10.7% year-over-year. Equities analysts expect TTM Technologies, Inc. to report earnings per share of $1.31 for the current year.
Profile of TTM Technologies
(Free report)
TTM Technologies, Inc., together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronics assemblies and printed circuit boards (PCBs) worldwide. The company operates in two segments: PCB and RF&S Components. It offers a 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, high reliability multichip modules, beamforming and switching networks, PCB products, RF components and backplane/custom assembly solutions including conventional PCBs.
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