Jefferies Financial Group Inc. Invests $993,000 in TTM Technologies, Inc. $TTMI

Jefferies Financial Group Inc. acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,310 shares of the technology company’s stock, valued at approximately $993,000.

Several other hedge funds have also added to or reduced their stakes in the business. Harbor Investment Advisory LLC bought a new position in shares of TTM Technologies during the second quarter worth approximately $29,000. GoalVest Advisory LLC increased 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 in the last quarter. Manning & Napier Advisors LLC acquired a new position in TTM Technologies in the 2nd quarter worth about $47,000. Persistent Asset Partners Ltd bought a new position in shares of TTM Technologies during the second quarter valued at $49,000. Finally, Parallel Advisors LLC boosted its holdings in 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 acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $118.65 on Monday. The stock has a market cap of $12.50 billion, a PE ratio of 53.45 and a beta of 2.15. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. TTM Technologies, Inc. has a 12 month low of $42.69 and a 12 month high of $223.83. The company’s fifty day moving average price is $142.53 and its 200-day moving average price is $136.85.

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

Insider Buying and Selling

In related news, EVP Douglas L. Soder sold 2,874 shares of TTM Technologies stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $600,493.56. Following the completion of the sale, the executive vice president owned 210,634 shares in the company, valued at $44,009,867.96. This trade represents a 1.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Shawn A. Powers sold 3,367 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $703,500.98. Following the completion of the sale, the executive vice president owned 120,801 shares of the company’s stock, valued at $25,240,160.94. This represents a 2.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 108,241 shares of company stock worth $20,911,975 in the last 90 days. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TTMI shares. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of TTM Technologies in a research report on Tuesday, August 18th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Truist Financial lifted their price target on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. B. Riley Financial upped their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Stifel Nicolaus lifted their price target on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TTM Technologies currently has a consensus rating of “Buy” and an average price target of $214.25.

TTM Technologies Profile

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.