TTM Technologies, Inc. $TTMI Holdings Trimmed by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 17.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,857 shares of the technology company’s stock after selling 13,686 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of TTM Technologies worth $2,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TTMI. Quarry LP raised its position in shares of TTM Technologies by 249.9% in the first quarter. Quarry LP now owns 2,110 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,507 shares during the period. Concord Wealth Partners bought a new position in shares of TTM Technologies in the second quarter worth about $47,000. CWM LLC lifted its position in TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock valued at $92,000 after purchasing an additional 567 shares during the period. GAMMA Investing LLC lifted its position in TTM Technologies by 30.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,244 shares of the technology company’s stock valued at $132,000 after purchasing an additional 760 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of TTM Technologies by 227.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company’s stock valued at $150,000 after acquiring an additional 5,064 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Stock Up 0.5%

TTM Technologies stock opened at $59.21 on Wednesday. The stock has a market cap of $6.12 billion, a PE ratio of 65.79 and a beta of 1.63. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. The firm’s 50-day simple moving average is $52.37 and its 200 day simple moving average is $41.02. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $62.60.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The firm had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on TTMI. Needham & Company LLC increased their target price on TTM Technologies from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Truist Financial upped their target price on TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. B. Riley reissued a “buy” rating on shares of TTM Technologies in a research note on Friday, October 10th. Finally, Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.

Insider Buying and Selling at TTM Technologies

In related news, Director Wajid Ali acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were acquired at an average price of $41.75 per share, with a total value of $208,750.00. Following the acquisition, the director owned 19,024 shares of the company’s stock, valued at approximately $794,252. This trade represents a 35.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tom Clapprood sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total value of $670,200.00. Following the completion of the transaction, the insider owned 23,531 shares in the company, valued at $1,051,365.08. This represents a 38.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 66,477 shares of company stock worth $2,867,405 in the last three months. 1.30% of the stock is currently owned by corporate insiders.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.