Great Lakes Advisors LLC Takes $1.46 Million Position in TTM Technologies, Inc. $TTMI

Great Lakes Advisors LLC purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,792 shares of the technology company’s stock, valued at approximately $1,457,000.

Other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC bought a new stake in shares of TTM Technologies during the second quarter worth $29,000. Kestra Advisory Services LLC acquired a new position in TTM Technologies during the 4th quarter valued at about $30,000. Truvestments Capital LLC bought a new stake in shares of TTM Technologies during the fourth quarter worth approximately $30,000. GoalVest Advisory LLC grew its holdings in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in shares of TTM Technologies during the 4th quarter valued at $32,000. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of TTM Technologies in a research note on Tuesday. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Truist Financial increased their price target on shares of TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Stifel Nicolaus lifted their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat, TTM Technologies has an average rating of “Buy” and a consensus target price of $214.25.

TTM Technologies Trading Down 3.4%

Shares of TTM Technologies stock opened at $110.54 on Friday. The stock has a market cap of $11.65 billion, a P/E ratio of 49.79 and a beta of 2.14. The company has a quick ratio of 1.54, a current ratio of 1.78 and a debt-to-equity ratio of 0.50. TTM Technologies, Inc. has a 12-month low of $40.46 and a 12-month high of $223.83. The business’s 50 day moving average is $151.67 and its 200-day moving average is $135.98.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.10. The company had revenue of $1 billion for the quarter, compared to analyst estimates 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 was up 37.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts predict that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In other news, EVP Shawn A. Powers sold 3,367 shares of TTM Technologies stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $703,500.98. Following the transaction, the executive vice president owned 120,801 shares in the company, valued at approximately $25,240,160.94. This trade represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. This represents a 39.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 108,241 shares of company stock valued at $20,911,975 over the last three months. 1.30% of the stock is owned by insiders.

About TTM Technologies

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.