Raymond James Financial Inc. Makes New $3.29 Million Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Raymond James Financial Inc. acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 132,899 shares of the technology company's stock, valued at approximately $3,289,000. Raymond James Financial Inc. owned approximately 0.13% of TTM Technologies at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in shares of TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock valued at $48,454,000 after purchasing an additional 1,648,017 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in TTM Technologies by 50.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock valued at $37,971,000 after buying an additional 515,015 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in TTM Technologies by 5.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company's stock valued at $32,491,000 after buying an additional 63,230 shares during the last quarter. Emerald Advisers LLC lifted its position in shares of TTM Technologies by 42.9% during the 4th quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company's stock worth $26,535,000 after buying an additional 321,853 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of TTM Technologies by 391.6% in the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock valued at $24,268,000 after acquiring an additional 781,058 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Needham & Company LLC boosted their price objective on TTM Technologies from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday. B. Riley increased their price target on shares of TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price objective on the stock. Finally, Truist Financial reduced their target price on shares of TTM Technologies from $38.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday.

TTM Technologies Stock Performance

NASDAQ TTMI traded up $1.03 during trading on Friday, hitting $24.38. 204,512 shares of the company's stock traded hands, compared to its average volume of 763,195. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 45.25 and a beta of 1.17. TTM Technologies, Inc. has a 12-month low of $15.62 and a 12-month high of $30.41. The business has a 50 day moving average of $20.93 and a 200-day moving average of $23.09.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The company had revenue of $648.67 million during the quarter, compared to the consensus estimate of $621.44 million. During the same period last year, the firm earned $0.28 EPS. TTM Technologies's revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the completion of the transaction, the senior vice president now directly owns 86,346 shares of the company's stock, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the transaction, the chief operating officer now directly owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,817 shares of company stock worth $1,316,006. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.