Swiss National Bank Has $837,000 Position in TTM Technologies Inc. (TTMI)
Swiss National Bank maintained its stake in shares of TTM Technologies Inc. (NASDAQ:TTMI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,100 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.11% of TTM Technologies worth $837,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Menta Capital LLC increased its stake in shares of TTM Technologies by 54.1% in the first quarter. Menta Capital LLC now owns 47,720 shares of the company’s stock valued at $317,000 after buying an additional 16,760 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of TTM Technologies by 10.0% in the first quarter. Franklin Resources Inc. now owns 3,067,610 shares of the company’s stock valued at $20,400,000 after buying an additional 278,070 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of TTM Technologies by 6.1% in the second quarter. Bank of New York Mellon Corp now owns 1,420,911 shares of the company’s stock valued at $10,699,000 after buying an additional 82,300 shares in the last quarter. Algert Global LLC bought a new stake in shares of TTM Technologies during the first quarter valued at approximately $226,000. Finally, Panagora Asset Management Inc. increased its stake in shares of TTM Technologies by 31.5% in the first quarter. Panagora Asset Management Inc. now owns 543,368 shares of the company’s stock valued at $3,613,000 after buying an additional 130,128 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.
Shares of TTM Technologies Inc. (NASDAQ:TTMI) traded up 1.45% on Friday, reaching $11.89. The company’s stock had a trading volume of 1,767,864 shares. The company’s 50 day moving average is $10.97 and its 200-day moving average is $8.50. The stock has a market cap of $1.19 billion, a PE ratio of 66.42 and a beta of 1.57. TTM Technologies Inc. has a 1-year low of $4.67 and a 1-year high of $11.90.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, July 27th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.10. The company earned $601.80 million during the quarter, compared to analysts’ expectations of $601.48 million. TTM Technologies had a return on equity of 7.86% and a net margin of 0.74%. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. On average, equities analysts predict that TTM Technologies Inc. will post $1.08 earnings per share for the current fiscal year.
TTMI has been the subject of several analyst reports. JPMorgan Chase & Co. set a $13.00 target price on TTM Technologies and gave the company a “buy” rating in a report on Wednesday, September 28th. Needham & Company LLC increased their price objective on TTM Technologies from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Stifel Nicolaus reduced their price objective on TTM Technologies from $11.00 to $9.50 and set a “buy” rating for the company in a research note on Thursday, July 28th. Finally, Zacks Investment Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Saturday, July 30th.
In other news, SVP Daniel J. Weber sold 10,222 shares of TTM Technologies stock in a transaction on Monday, August 1st. The stock was sold at an average price of $10.43, for a total value of $106,615.46. Following the completion of the sale, the senior vice president now directly owns 60,530 shares of the company’s stock, valued at approximately $631,327.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenton K. Alder sold 9,000 shares of TTM Technologies stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $11.46, for a total value of $103,140.00. The disclosure for this sale can be found here. 28.40% of the stock is owned by insiders.
About TTM Technologies
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). The Company operates approximately 30 specialized facilities in the United States, the People’s Republic of China (China), Canada and Mexico.
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