Man Group plc Takes Position in TTM Technologies, Inc. $TTMI

Man Group plc acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,526 shares of the technology company’s stock, valued at approximately $10,197,000. Man Group plc owned about 0.05% of TTM Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new stake in TTM Technologies in the second quarter worth approximately $29,000. Kestra Advisory Services LLC acquired a new position in shares of TTM Technologies during the 4th quarter worth $30,000. Truvestments Capital LLC bought a new position in shares of TTM Technologies during the 4th quarter valued at $30,000. GoalVest Advisory LLC raised its holdings in shares of TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after purchasing an additional 137 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake 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 purchasing an additional 87 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling 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 shares were sold at an average price of $142.00, for a total transaction 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 $5,699,596. This represents a 39.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Shawn A. Powers sold 9,856 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total transaction of $2,067,788.80. Following the completion of the sale, the executive vice president directly owned 119,268 shares of the company’s stock, valued at approximately $25,022,426.40. This trade represents a 7.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,241 shares of company stock valued at $20,911,975 in the last three months. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. B. Riley Financial boosted their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of TTM Technologies in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $214.25.

TTM Technologies Stock Performance

TTMI opened at $118.65 on Friday. The firm has a market capitalization of $12.50 billion, a P/E ratio of 53.45 and a beta of 2.14. The stock’s 50 day moving average price is $142.53 and its two-hundred day moving average price is $136.58. 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 $42.69 and a 12-month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $962.04 million. During the same period in the previous year, the company earned $0.58 earnings per share. The company’s quarterly revenue was up 37.4% compared to the same quarter last year. On average, equities analysts forecast that TTM Technologies, Inc. will post 4.26 earnings per share 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.