Gallagher Fiduciary Advisors LLC acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,608 shares of the technology company’s stock, valued at approximately $862,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in TTMI. GAMMA Investing LLC increased its position in shares of TTM Technologies by 1.8% in the second quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock worth $812,000 after acquiring an additional 75 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of TTM Technologies by 36.2% in the 1st 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. Lido Advisors LLC boosted its stake in TTM Technologies by 1.5% in the 4th quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock worth $553,000 after purchasing an additional 116 shares during the period. GoalVest Advisory LLC boosted its stake in TTM Technologies by 456.7% in 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 during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in TTM Technologies by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock worth $320,000 after purchasing an additional 142 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of TTM Technologies in a research note on Tuesday, August 18th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Stifel Nicolaus upped 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. Finally, Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat, TTM Technologies presently has a consensus rating of “Buy” and a consensus target price of $214.25.
TTM Technologies Stock Up 4.8%
TTM Technologies stock opened at $112.30 on Wednesday. The firm has a market cap of $11.83 billion, a PE ratio of 50.59 and a beta of 2.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. The firm’s 50 day moving average price is $147.94 and its two-hundred day moving average price is $136.32. TTM Technologies, Inc. has a twelve month low of $42.69 and a twelve month high of $223.83.
TTM Technologies (NASDAQ:TTMI – Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $962.04 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s revenue was up 37.4% compared to the same quarter last year. On average, research analysts predict that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.
Insider Activity
In other news, CEO Edwin Roks bought 10,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of the purchase, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at $7,244,260.78. This trade represents a 18.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dale Martin Knecht sold 26,198 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 40,138 shares in the company, valued at approximately $5,699,596. The trade was a 39.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 108,241 shares of company stock valued at $20,911,975. 1.30% of the stock is currently owned by company insiders.
TTM Technologies Company 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.
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