TTM Technologies Inc. (TTMI) Shares Bought by Algert Global LLC
Algert Global LLC increased its stake in shares of TTM Technologies Inc. (NASDAQ:TTMI) by 173.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 140,511 shares of the company’s stock after buying an additional 89,085 shares during the period. Algert Global LLC’s holdings in TTM Technologies were worth $1,609,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in TTMI. First Mercantile Trust Co. bought a new position in shares of TTM Technologies during the third quarter valued at $193,000. Nomura Holdings Inc. boosted its position in shares of TTM Technologies by 293.4% in the second quarter. Nomura Holdings Inc. now owns 422,854 shares of the company’s stock valued at $3,194,000 after buying an additional 315,354 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of TTM Technologies during the second quarter valued at $521,000. Schwab Charles Investment Management Inc. boosted its position in shares of TTM Technologies by 14.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 500,776 shares of the company’s stock valued at $3,771,000 after buying an additional 63,993 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of TTM Technologies by 20.7% in the second quarter. American Century Companies Inc. now owns 537,044 shares of the company’s stock valued at $4,044,000 after buying an additional 91,987 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.
TTM Technologies Inc. (NASDAQ:TTMI) opened at 11.42 on Thursday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 63.80 and a beta of 1.57. The stock has a 50 day moving average price of $11.10 and a 200 day moving average price of $8.61. TTM Technologies Inc. has a 52 week low of $4.67 and a 52 week high of $12.11.
TTM Technologies (NASDAQ:TTMI) last released its earnings results on Wednesday, July 27th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.10. The company earned $601.80 million during the quarter, compared to analyst estimates of $601.48 million. TTM Technologies had a return on equity of 7.86% and a net margin of 0.74%. TTM Technologies’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, equities analysts forecast that TTM Technologies Inc. will post $1.08 earnings per share for the current year.
Several brokerages have weighed in on TTMI. JPMorgan Chase & Co. set a $13.00 price objective on TTM Technologies and gave the company a “buy” rating in a report on Wednesday, September 28th. 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 report on Saturday, July 30th. Stifel Nicolaus dropped their price objective on TTM Technologies from $11.00 to $9.50 and set a “buy” rating for the company in a report on Thursday, July 28th. Finally, Needham & Company LLC lifted their price objective on TTM Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, July 28th.
In other TTM Technologies news, Director Kenton K. Alder sold 36,823 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $9.94, for a total transaction of $366,020.62. Following the completion of the transaction, the director now directly owns 35,267 shares of the company’s stock, valued at $350,553.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Brian W. Barber sold 31,841 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $10.41, for a total value of $331,464.81. Following the transaction, the chief operating officer now directly owns 75,076 shares of the company’s stock, valued at $781,541.16. The disclosure for this sale can be found here. Company insiders own 28.40% of the company’s stock.
TTM Technologies Company 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). 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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