Castleark Management LLC bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 28,090 shares of the technology company’s stock, valued at approximately $5,253,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new stake in TTM Technologies in the second quarter worth approximately $29,000. Kestra Advisory Services LLC purchased a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new stake in shares of TTM Technologies during the fourth quarter valued at approximately $30,000. GoalVest Advisory LLC grew its holdings in shares of TTM Technologies by 456.7% in the second 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. Finally, Parallel Advisors LLC increased its stake 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 worth $32,000 after buying an additional 87 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at TTM Technologies
In related news, SVP Dale Martin Knecht sold 26,198 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the sale, the senior vice president directly owned 40,138 shares of the company’s stock, valued at $5,699,596. This represents a 39.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Catherine A. Gridley sold 8,966 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,881,066.80. Following the completion of the transaction, the executive vice president owned 69,679 shares of the company’s stock, valued at approximately $14,618,654.20. This trade represents a 11.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 108,241 shares of company stock worth $20,911,975. 1.30% of the stock is owned by insiders.
Analyst Ratings Changes
View Our Latest Report on TTMI
TTM Technologies Trading Up 4.8%
NASDAQ:TTMI opened at $112.30 on Wednesday. The company has a 50-day moving average price of $147.94 and a 200-day moving average price of $136.32. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 50.59 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.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $962.04 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. TTM Technologies’s quarterly revenue was up 37.4% on a year-over-year basis. Equities analysts predict that TTM Technologies, Inc. will post 4.26 EPS for the current year.
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.
Featured Stories
- Five stocks we like better than TTM Technologies
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding TTMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TTM Technologies, Inc. (NASDAQ:TTMI – Free Report).
Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
