TTM Technologies, Inc. (TTMI) Stake Raised by BlackRock Investment Management LLC

TTM Technologies, Inc. (TTMI) Stake Raised by BlackRock Investment Management LLC

BlackRock Investment Management LLC boosted its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 326,784 shares of the company’s stock after buying an additional 2,092 shares during the period. BlackRock Investment Management LLC owned approximately 0.33% of TTM Technologies worth $3,742,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Capstone Asset Management Co. boosted its stake in TTM Technologies by 0.9% in the third quarter. Capstone Asset Management Co. now owns 45,402 shares of the company’s stock worth $520,000 after buying an additional 400 shares during the last quarter. Hsbc Holdings PLC boosted its stake in TTM Technologies by 0.9% in the second quarter. Hsbc Holdings PLC now owns 64,898 shares of the company’s stock worth $489,000 after buying an additional 548 shares during the last quarter. Arizona State Retirement System boosted its stake in TTM Technologies by 2.1% in the second quarter. Arizona State Retirement System now owns 33,825 shares of the company’s stock worth $255,000 after buying an additional 700 shares during the last quarter. Aperio Group LLC boosted its stake in TTM Technologies by 5.7% in the third quarter. Aperio Group LLC now owns 24,421 shares of the company’s stock worth $280,000 after buying an additional 1,314 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in TTM Technologies by 6.8% in the second quarter. Profund Advisors LLC now owns 21,528 shares of the company’s stock worth $162,000 after buying an additional 1,374 shares during the last quarter. Institutional investors own 75.64% of the company’s stock.

TTM Technologies, Inc. (NASDAQ:TTMI) opened at 14.75 on Friday. The company’s 50 day moving average is $14.17 and its 200-day moving average is $12.00. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 32.42 and a beta of 1.43. TTM Technologies, Inc. has a 52-week low of $4.67 and a 52-week high of $15.38.

A number of research analysts have weighed in on the stock. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, November 30th. TheStreet raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 23rd. Zacks Investment Research raised shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, October 25th. Finally, Needham & Company LLC raised their price objective on shares of TTM Technologies from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. Five research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $13.75.

In other TTM Technologies news, insider Douglas L. Soder sold 6,666 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $15.00, for a total transaction of $99,990.00. Following the transaction, the insider now directly owns 91,749 shares of the company’s stock, valued at approximately $1,376,235. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Todd B. Schull sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $15.00, for a total transaction of $150,000.00. Following the transaction, the chief financial officer now directly owns 126,385 shares in the company, valued at $1,895,775. The disclosure for this sale can be found here. Insiders have sold a total of 127,428 shares of company stock valued at $1,725,019 over the last quarter. 28.40% of the stock is currently owned by company insiders.

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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