Spire Wealth Management acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,635 shares of the technology company’s stock, valued at approximately $527,000.
Several other hedge funds and other institutional investors have also made changes to their positions in TTMI. Larson Financial Group LLC raised its position in TTM Technologies by 4.4% during the third quarter. Larson Financial Group LLC now owns 3,978 shares of the technology company’s stock worth $229,000 after acquiring an additional 167 shares in the last quarter. Optiver Holding B.V. grew its position in shares of TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock valued at $25,000 after acquiring an additional 170 shares during the period. Choreo LLC grew its position in shares of TTM Technologies by 1.4% in the 3rd quarter. Choreo LLC now owns 14,196 shares of the technology company’s stock valued at $818,000 after acquiring an additional 191 shares during the period. GAMMA Investing LLC increased its stake in shares of TTM Technologies by 8.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,512 shares of the technology company’s stock worth $202,000 after purchasing an additional 268 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of TTM Technologies by 1.1% during the 1st quarter. Focus Partners Wealth now owns 31,944 shares of the technology company’s stock worth $655,000 after purchasing an additional 343 shares during the last quarter. 95.79% of the stock is owned by institutional investors.
TTM Technologies Stock Performance
NASDAQ TTMI opened at $97.08 on Thursday. The firm has a 50-day moving average of $98.14 and a 200-day moving average of $77.81. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.67 and a current ratio of 1.93. The stock has a market cap of $10.08 billion, a PE ratio of 57.44 and a beta of 1.76. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $113.46.
Analyst Upgrades and Downgrades
TTMI has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. B. Riley Financial boosted their price target on TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Stifel Nicolaus set a $108.00 price objective on TTM Technologies in a research note on Thursday, February 5th. Needham & Company LLC raised their price objective on TTM Technologies from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $117.25.
Read Our Latest Stock Analysis on TTMI
Insider Transactions at TTM Technologies
In related news, EVP Daniel J. Weber sold 12,000 shares of TTM Technologies stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the completion of the sale, the executive vice president directly owned 94,621 shares of the company’s stock, valued at approximately $8,883,019.48. This trade represents a 11.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas T. Edman sold 16,800 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $101.62, for a total value of $1,707,216.00. Following the completion of the sale, the director owned 855,171 shares of the company’s stock, valued at $86,902,477.02. This trade represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 105,150 shares of company stock worth $9,900,522 over the last quarter. Company insiders own 1.30% of the company’s stock.
TTM Technologies Company Profile
TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive systemâlevel services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.
Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.
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