Expect Equity LLC Acquires Shares of 11,410 TTM Technologies, Inc. $TTMI

Expect Equity LLC acquired a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 11,410 shares of the technology company’s stock, valued at approximately $2,134,000.

A number of other hedge funds have also modified their holdings of the business. Harbor Investment Advisory LLC purchased a new stake in TTM Technologies in the 2nd quarter valued at $29,000. GoalVest Advisory LLC grew its position in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in TTM Technologies in the second quarter valued at $47,000. Persistent Asset Partners Ltd acquired a new position in TTM Technologies in the second quarter valued at $49,000. Finally, Parallel Advisors LLC raised its holdings in shares of TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after buying an additional 87 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTMI has been the subject of several recent research reports. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of TTM Technologies in a research report on Tuesday, August 18th. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Truist Financial lifted their target price on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, B. Riley Financial boosted their target price on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $214.25.

Insider Buying and Selling

In other TTM Technologies news, CEO Edwin Roks bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average price of $111.77 per share, for a total transaction of $1,117,700.00. Following the transaction, the chief executive officer owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. This trade represents a 18.24% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Weber sold 2,915 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $609,060.10. Following the transaction, the executive vice president directly owned 88,250 shares of the company’s stock, valued at approximately $18,438,955. This trade represents a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 108,241 shares of company stock worth $20,911,975 in the last three months. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Up 4.8%

TTMI stock opened at $112.30 on Wednesday. The stock has a market capitalization of $11.83 billion, a PE ratio of 50.59 and a beta of 2.15. The company has a fifty day moving average of $147.94 and a 200-day moving average of $136.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. TTM Technologies, Inc. has a one year low of $42.69 and a one year high of $223.83.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The business’s revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 earnings per share. As a group, analysts expect that TTM Technologies, Inc. will post 4.26 EPS for the current year.

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.