Lisanti Capital Growth LLC Makes New Investment in TTM Technologies, Inc. $TTMI

Lisanti Capital Growth LLC acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 30,805 shares of the technology company’s stock, valued at approximately $3,784,000.

A number of other hedge funds have also bought and sold shares of TTMI. Machina Capital S.A.S. bought a new stake in TTM Technologies during the third quarter valued at $392,000. Gen Wealth Partners Inc bought a new position in shares of TTM Technologies in the 3rd quarter worth about $103,000. AlphaCore Capital LLC bought a new position in shares of TTM Technologies in the 3rd quarter worth about $279,000. Retirement Systems of Alabama lifted its stake in shares of TTM Technologies by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 167,435 shares of the technology company’s stock valued at $20,568,000 after purchasing an additional 1,251 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in shares of TTM Technologies in the 3rd quarter valued at about $3,728,000. Institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TTMI shares. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 1st. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Truist Financial dropped their price target on TTM Technologies from $231.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Stifel Nicolaus cut their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.25.

Insider Activity at TTM Technologies

In other news, Director Philip G. Franklin bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average cost of $61.92 per share, with a total value of $309,600.00. Following the transaction, the director directly owned 161,725 shares of the company’s stock, valued at approximately $10,014,012. This represents a 3.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edwin Roks purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The shares were purchased at an average cost of $88.07 per share, for a total transaction of $440,350.00. Following the completion of the purchase, the chief executive officer owned 64,483 shares in the company, valued at $5,679,017.81. This trade represents a 8.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 40,000 shares of company stock valued at $3,401,650 in the last three months. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Trading Up 9.0%

TTMI opened at $78.70 on Thursday. TTM Technologies, Inc. has a 1-year low of $55.44 and a 1-year high of $223.83. The company has a current ratio of 1.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71. The company has a market cap of $8.29 billion, a P/E ratio of 31.35 and a beta of 2.25. The company has a fifty day moving average price of $106.43 and a two-hundred day moving average price of $126.58.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.21. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The business’s quarterly revenue was up 59.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. Analysts predict that TTM Technologies, Inc. will post 4.36 EPS for the current fiscal year.

TTM Technologies Company Profile

TTM Technologies, Inc. designs and manufactures printed circuit boards (PCBs) and radio-frequency (RF) and microwave components and assemblies. Its products support the development and operation of electronic systems used in communications, data infrastructure, aerospace and defense, automotive, medical, and industrial applications. The company provides engineering and manufacturing services, including PCB design support, prototyping, and production. TTM serves customers around the world through operations in North America and Asia.