Key Points
- Director Thomas Edman sold 16,800 shares on Feb. 2 at an average price of $96.12 for total proceeds of $1,614,816, reducing his stake by 2.10% to 783,406 shares valued at about $75.3 million.
- TTM stock climbed roughly 4.7% to open at $107.57 (market cap $11.12B, P/E 85.37, 52‑week range $15.77–$111.00), and analysts have a consensus Buy rating with an average price target of $99 after several recent upgrades.
- TTM Technologies is a leading global manufacturer of printed circuit boards and related system‑level services, and institutional investors own about 95.79% of the company's shares.
TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) Director Thomas Edman sold 16,800 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $96.12, for a total value of $1,614,816.00. Following the transaction, the director directly owned 783,406 shares in the company, valued at approximately $75,300,984.72. This represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
TTM Technologies Stock Up 4.7%
Shares of TTMI opened at $107.57 on Wednesday. The company has a market cap of $11.12 billion, a PE ratio of 85.37 and a beta of 1.75. The business has a fifty day moving average of $79.78 and a 200 day moving average of $62.74. TTM Technologies, Inc. has a 52-week low of $15.77 and a 52-week high of $111.00. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 0.54.
Analyst Ratings Changes
A number of research firms recently commented on TTMI. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of TTM Technologies in a research note on Wednesday, January 21st. Zacks Research upgraded TTM Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 27th. Needham & Company LLC upped their target price on TTM Technologies from $79.00 to $105.00 and gave the company a "buy" rating in a research note on Tuesday, January 13th. B. Riley increased their price target on TTM Technologies from $81.00 to $123.00 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 19th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $99.00.
View Our Latest Stock Analysis on TTMI
Hedge Funds Weigh In On TTM Technologies
Hedge funds and other institutional investors have recently made changes to their positions in the company. Optiver Holding B.V. lifted its stake in TTM Technologies by 66.4% in the third quarter. Optiver Holding B.V. now owns 426 shares of the technology company's stock worth $25,000 after acquiring an additional 170 shares during the period. Bessemer Group Inc. raised its holdings in shares of TTM Technologies by 448.8% in the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company's stock valued at $27,000 after purchasing an additional 377 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of TTM Technologies in the 4th quarter worth approximately $32,000. Wolff Wiese Magana LLC purchased a new stake in shares of TTM Technologies in the 4th quarter worth approximately $34,000. Finally, Danske Bank A S bought a new position in shares of TTM Technologies during the fourth quarter valued at approximately $34,000. Institutional investors own 95.79% of the company's stock.
TTM Technologies Company Profile
(
Get Free Report)
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 system‐level 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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