Quantinno Capital Management LP Grows Holdings in TTM Technologies, Inc. $TTMI

Quantinno Capital Management LP increased its stake in TTM Technologies, Inc. (NASDAQ:TTMIFree Report) by 28.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,658 shares of the technology company’s stock after buying an additional 3,662 shares during the period. Quantinno Capital Management LP’s holdings in TTM Technologies were worth $1,623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TTMI. Kestra Advisory Services LLC purchased a new stake in TTM Technologies in the fourth quarter worth about $30,000. Truvestments Capital LLC purchased a new position in TTM Technologies in the fourth quarter worth $30,000. Rakuten Securities Inc. acquired a new position in TTM Technologies during the 4th quarter valued at about $32,000. Parallel Advisors LLC increased its holdings in shares of TTM Technologies by 36.2% during 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 in the last quarter. Finally, Danske Bank A S acquired a new position in TTM Technologies during the 4th quarter valued at approximately $34,000. 95.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TTMI. Stifel Nicolaus lifted their target price on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Needham & Company LLC boosted their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Truist Financial increased their target price on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, B. Riley Financial upped their price target on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $214.25.

Get Our Latest Report on TTMI

TTM Technologies Trading Up 5.6%

Shares of TTMI stock opened at $138.10 on Thursday. 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 twelve month low of $39.20 and a twelve month high of $223.83. The company’s 50-day moving average price is $159.10 and its 200-day moving average price is $134.75. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 62.21 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMIGet Free Report) last issued its earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $1 billion for 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%. TTM Technologies’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 earnings per share. As a group, equities analysts predict that TTM Technologies, Inc. will post 3.92 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In other news, EVP Catherine A. Gridley sold 3,056 shares of TTM Technologies stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $638,520.64. Following the sale, the executive vice president owned 71,866 shares of the company’s stock, valued at approximately $15,015,682.04. The trade was a 4.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shawn A. Powers sold 3,367 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $703,500.98. Following the completion of the transaction, the executive vice president owned 120,801 shares in the company, valued at $25,240,160.94. This represents a 2.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 108,241 shares of company stock worth $20,911,975. Insiders own 1.30% of the company’s stock.

TTM Technologies Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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