6,729 Shares in TTM Technologies, Inc. $TTMI Bought by Invst LLC

Invst LLC purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,729 shares of the technology company’s stock, valued at approximately $1,258,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTMI. Jupiter Topco LLC acquired a new position in shares of TTM Technologies in the second quarter worth about $8,374,000. Hsbc Holdings PLC acquired a new stake in shares of TTM Technologies during the 2nd quarter valued at about $2,839,000. Expect Equity LLC purchased a new position in shares of TTM Technologies in the 2nd quarter valued at about $2,134,000. Canada Pension Plan Investment Board purchased a new position in shares of TTM Technologies in the 2nd quarter valued at about $3,254,000. Finally, Castleark Management LLC acquired a new position in TTM Technologies in the 2nd quarter worth about $5,253,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TTMI shares. B. Riley Financial increased their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Truist Financial increased their target price on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, TTM Technologies currently has an average rating of “Buy” and an average price target of $214.25.

TTM Technologies Trading Up 4.8%

TTMI stock opened at $112.30 on Wednesday. TTM Technologies, Inc. has a 12-month low of $42.69 and a 12-month high of $223.83. The business’s 50-day moving average is $147.94 and its 200 day moving average is $136.32. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 50.59 and a beta of 2.15.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The business’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 earnings per share. On average, sell-side analysts anticipate that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.

Insider Transactions at TTM Technologies

In other news, EVP Shawn A. Powers sold 9,856 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $2,067,788.80. Following the completion of the sale, the executive vice president owned 119,268 shares of the company’s stock, valued at $25,022,426.40. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas L. Soder sold 8,902 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the sale, the executive vice president owned 208,245 shares of the company’s stock, valued at $43,687,718.55. This trade represents a 4.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 108,241 shares of company stock worth $20,911,975 in the last quarter. 1.30% of the stock is owned by insiders.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.