TTM Technologies, Inc. (NASDAQ:TTMI) Stock Holdings Lessened by Comerica Bank

Comerica Bank cut its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,165 shares of the technology company’s stock after selling 1,429 shares during the quarter. Comerica Bank owned 0.09% of TTM Technologies worth $2,182,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Barclays PLC boosted its position in shares of TTM Technologies by 59.8% in the 3rd quarter. Barclays PLC now owns 407,524 shares of the technology company’s stock valued at $7,437,000 after purchasing an additional 152,456 shares during the period. Franklin Resources Inc. boosted its holdings in shares of TTM Technologies by 262.5% in the third quarter. Franklin Resources Inc. now owns 309,724 shares of the technology company’s stock worth $5,937,000 after buying an additional 224,286 shares during the period. GAMMA Investing LLC increased its position in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares in the last quarter. Diversified Trust Co raised its holdings in shares of TTM Technologies by 9.2% during the fourth quarter. Diversified Trust Co now owns 27,335 shares of the technology company’s stock valued at $677,000 after acquiring an additional 2,292 shares during the period. Finally, USA Financial Formulas purchased a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $25,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Price Performance

TTMI opened at $26.21 on Friday. The stock has a fifty day moving average price of $21.07 and a 200 day moving average price of $23.28. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $30.41. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 48.53 and a beta of 1.20.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. The business had revenue of $648.67 million during the quarter, compared to analysts’ expectations of $621.44 million. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. Analysts forecast that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity

In other TTM Technologies news, EVP Daniel J. Weber sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the transaction, the executive vice president now directly owns 95,153 shares in the company, valued at $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Philip Titterton sold 24,792 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the sale, the chief operating officer now owns 157,528 shares of the company’s stock, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,600 shares of company stock worth $1,310,642. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. B. Riley boosted their target price on shares of TTM Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Needham & Company LLC increased their price objective on TTM Technologies from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Truist Financial lowered their target price on TTM Technologies from $38.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Stifel Nicolaus initiated coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price target for the company.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission 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.