Great West Life Assurance Co. Can lifted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 9.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 129,697 shares of the technology company’s stock after acquiring an additional 11,241 shares during the period. Great West Life Assurance Co. Can’s holdings in TTM Technologies were worth $1,516,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of TTMI. First Mercantile Trust Co. acquired a new stake in shares of TTM Technologies during the first quarter valued at $26,000. Versant Capital Management Inc boosted its stake in shares of TTM Technologies by 566.3% during the first quarter. Versant Capital Management Inc now owns 2,885 shares of the technology company’s stock valued at $33,000 after acquiring an additional 2,452 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of TTM Technologies during the fourth quarter valued at $35,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of TTM Technologies during the first quarter valued at $70,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of TTM Technologies by 39.3% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,091 shares of the technology company’s stock valued at $91,000 after acquiring an additional 2,849 shares during the last quarter.
NASDAQ:TTMI traded down $0.09 during mid-day trading on Wednesday, reaching $9.44. The company’s stock had a trading volume of 8,540 shares, compared to its average volume of 1,037,204. The company has a current ratio of 1.92, a quick ratio of 1.74 and a debt-to-equity ratio of 1.21. TTM Technologies, Inc. has a twelve month low of $8.49 and a twelve month high of $19.91. The firm has a market cap of $971.30 million, a price-to-earnings ratio of 6.84 and a beta of 2.52.
In other TTM Technologies news, insider Jon Pereira sold 2,195 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $12.03, for a total value of $26,405.85. Following the sale, the insider now directly owns 18,643 shares of the company’s stock, valued at approximately $224,275.29. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Tony Sanchez sold 2,323 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $12.03, for a total value of $27,945.69. Following the completion of the sale, the vice president now directly owns 14,276 shares in the company, valued at $171,740.28. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by company insiders.
A number of analysts recently commented on the company. ValuEngine raised TTM Technologies from a “strong sell” rating to a “sell” rating in a research note on Monday, June 3rd. TheStreet lowered TTM Technologies from a “b-” rating to a “c+” rating in a research note on Friday, May 24th. BidaskClub lowered TTM Technologies from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Zacks Investment Research lowered TTM Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Finally, Needham & Company LLC assumed coverage on TTM Technologies in a research note on Tuesday, May 7th. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.00.
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TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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