TTM Technologies, Inc. $TTMI Stock Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 48.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,000 shares of the technology company’s stock after purchasing an additional 9,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TTM Technologies were worth $3,562,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Harbor Investment Advisory LLC bought a new position in shares of TTM Technologies in the second quarter valued at $29,000. GoalVest Advisory LLC increased its position in shares of TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of TTM Technologies during the third quarter worth about $31,000. Parallel Advisors LLC increased its position 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 worth $32,000 after acquiring an additional 87 shares in the last quarter. Finally, Signature Equity Partners LLC acquired a new stake in shares of TTM Technologies in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Stock Down 7.7%

TTMI stock opened at $76.58 on Tuesday. The stock has a market cap of $8.07 billion, a P/E ratio of 30.51 and a beta of 2.14. The company has a current ratio of 1.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $112.61 and its two-hundred day simple moving average is $127.47. TTM Technologies, Inc. has a 1-year low of $55.44 and a 1-year high of $223.83.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was up 59.9% on a year-over-year basis. Analysts expect that TTM Technologies, Inc. will post 4.36 EPS for the current year.

Wall Street Analysts Forecast Growth

TTMI has been the topic of a number of recent research reports. Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday. Needham & Company LLC decreased their price target on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Stifel Nicolaus dropped their price objective on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, TTM Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.25.

Insider Buying and Selling

In related news, Director Wajid Ali purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was purchased at an average cost of $90.25 per share, with a total value of $902,500.00. Following the completion of the acquisition, the director directly owned 35,835 shares of the company’s stock, valued at approximately $3,234,108.75. The trade was a 38.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Dale Knecht sold 26,198 shares of TTM Technologies stock in a transaction dated 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 transaction, the senior vice president directly owned 40,138 shares of the company’s stock, valued at $5,699,596. The trade was a 39.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders acquired 25,000 shares of company stock valued at $2,460,550. Company insiders own 1.30% of the company’s stock.

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.