Bank of Montreal Can Purchases 41,535 Shares of TTM Technologies, Inc. (TTMI)

Bank of Montreal Can lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 13.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,804 shares of the technology company’s stock after purchasing an additional 41,535 shares during the quarter. Bank of Montreal Can owned approximately 0.34% of TTM Technologies worth $5,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in TTMI. Victory Capital Management Inc. grew its holdings in shares of TTM Technologies by 47.3% during the 2nd quarter. Victory Capital Management Inc. now owns 2,542,592 shares of the technology company’s stock worth $44,826,000 after purchasing an additional 816,626 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of TTM Technologies by 50.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,280,099 shares of the technology company’s stock worth $40,198,000 after purchasing an additional 760,892 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of TTM Technologies by 578.1% during the 2nd quarter. Voya Investment Management LLC now owns 839,659 shares of the technology company’s stock worth $14,803,000 after purchasing an additional 715,833 shares in the last quarter. Smith Graham & Co. Investment Advisors LP acquired a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $8,778,000. Finally, Glenmede Trust Co. NA grew its holdings in shares of TTM Technologies by 19.2% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,615,002 shares of the technology company’s stock worth $46,102,000 after purchasing an additional 420,617 shares in the last quarter.

Shares of TTMI stock opened at $11.70 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.57 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $1.38 billion, a P/E ratio of 11.25 and a beta of 1.92. TTM Technologies, Inc. has a one year low of $11.24 and a one year high of $19.91.



TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Tuesday, October 30th. The technology company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.05. The business had revenue of $755.84 million for the quarter, compared to analyst estimates of $750.89 million. TTM Technologies had a return on equity of 15.85% and a net margin of 5.91%. TTM Technologies’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. Research analysts expect that TTM Technologies, Inc. will post 1.09 earnings per share for the current fiscal year.

In other TTM Technologies news, insider William Kent Hardwick sold 3,115 shares of TTM Technologies stock in a transaction on Monday, August 6th. The stock was sold at an average price of $18.91, for a total value of $58,904.65. Following the completion of the transaction, the insider now owns 44,997 shares in the company, valued at approximately $850,893.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tai Keung Chung sold 23,345 shares of TTM Technologies stock in a transaction on Monday, August 6th. The shares were sold at an average price of $18.90, for a total value of $441,220.50. Following the completion of the transaction, the executive vice president now owns 50,357 shares of the company’s stock, valued at approximately $951,747.30. The disclosure for this sale can be found here. 10.10% of the stock is owned by insiders.

Several analysts have recently weighed in on TTMI shares. Macquarie started coverage on TTM Technologies in a report on Monday, October 8th. They set an “outperform” rating on the stock. ValuEngine raised TTM Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Needham & Company LLC boosted their price target on TTM Technologies from $20.00 to $23.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 2nd. BidaskClub lowered TTM Technologies from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Finally, Cross Research lowered TTM Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $20.40.

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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Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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