Bank of Montreal Can purchased a new stake in shares of TTM Technologies Inc. (NASDAQ:TTMI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 413,515 shares of the company’s stock, valued at approximately $3,113,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. raised its stake in TTM Technologies by 3.0% in the first quarter. Prudential Financial Inc. now owns 152,258 shares of the company’s stock valued at $1,013,000 after buying an additional 4,500 shares during the period. Menta Capital LLC raised its stake in 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 during the period. Springbok Capital Management LLC raised its stake in TTM Technologies by 4,900.3% in the first quarter. Springbok Capital Management LLC now owns 19,851 shares of the company’s stock valued at $132,000 after buying an additional 19,454 shares during the period. BNP Paribas Arbitrage SA raised its stake in TTM Technologies by 19.4% in the second quarter. BNP Paribas Arbitrage SA now owns 186,138 shares of the company’s stock valued at $1,402,000 after buying an additional 30,300 shares during the period. Finally, Ngam Advisors L.P. bought a new stake in TTM Technologies during the first quarter valued at approximately $212,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TTM Technologies Inc. (NASDAQ:TTMI) traded down 0.82% on Friday, hitting $10.86. The stock had a trading volume of 1,673,595 shares. The firm has a market cap of $1.09 billion, a P/E ratio of 60.67 and a beta of 1.57. The firm’s 50-day moving average price is $11.12 and its 200 day moving average price is $8.66. TTM Technologies Inc. has a 12 month low of $4.67 and a 12 month high of $12.11.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.10. The business earned $601.80 million during the quarter, compared to the consensus estimate of $601.48 million. TTM Technologies had a net margin of 0.74% and a return on equity of 7.86%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Analysts anticipate that TTM Technologies Inc. will post $1.08 EPS for the current fiscal year.
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. set a $13.00 price objective on TTM Technologies and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Zacks Investment Research upgraded 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. 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, Needham & Company LLC upped 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.
In other news, Director Kenton K. Alder sold 75,000 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $12.00, for a total transaction of $900,000.00. Following the completion of the sale, the director now owns 85,267 shares of the company’s stock, valued at $1,023,204. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenton K. Alder sold 9,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $11.46, for a total transaction of $103,140.00. The disclosure for this sale can be found here. Insiders own 28.40% of the company’s stock.
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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