Horizon Investment Services LLC Acquires Shares of 18,053 TTM Technologies, Inc. $TTMI

Horizon Investment Services LLC acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, HoldingsChannel.com reports. The fund acquired 18,053 shares of the technology company’s stock, valued at approximately $3,376,000.

Other hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC purchased a new stake in shares of TTM Technologies in the second quarter valued at about $29,000. Kestra Advisory Services LLC purchased a new position in TTM Technologies during the fourth quarter worth about $30,000. Truvestments Capital LLC purchased a new position in TTM Technologies during the fourth quarter worth about $30,000. GoalVest Advisory LLC lifted its position in TTM Technologies by 456.7% in the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. Finally, Rakuten Securities Inc. acquired a new stake in TTM Technologies in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Douglas L. Soder sold 8,902 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total value of $1,867,550.58. Following the sale, the executive vice president owned 208,245 shares of the company’s stock, valued at approximately $43,687,718.55. This represents a 4.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Martin Knecht sold 26,198 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were 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 owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. This represents a 39.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 108,241 shares of company stock worth $20,911,975 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Stock Performance

Shares of TTMI opened at $140.00 on Monday. TTM Technologies, Inc. has a twelve month low of $39.20 and a twelve month high of $223.83. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $14.75 billion, a P/E ratio of 63.06 and a beta of 2.14. The firm’s 50-day moving average is $157.63 and its two-hundred day moving average is $135.38.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $1 billion during 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%. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period last year, the firm earned $0.58 EPS. On average, research analysts predict that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Needham & Company LLC raised their price target on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Wall Street Zen upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Stifel Nicolaus upped their price objective on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $214.25.

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.