Three Seasons Wealth LLC Invests $805,000 in TTM Technologies, Inc. $TTMI

Three Seasons Wealth LLC acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to its most recent filing with the SEC. The firm acquired 4,303 shares of the technology company’s stock, valued at approximately $805,000.

Several other hedge funds have also recently made changes to their positions in the business. Harbor Investment Advisory LLC bought a new stake in TTM Technologies in the second quarter valued at $29,000. GoalVest Advisory LLC raised its holdings 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 in the last quarter. Manning & Napier Advisors LLC bought a new position in TTM Technologies in the 2nd quarter worth $47,000. Persistent Asset Partners Ltd purchased a new stake in shares of TTM Technologies in the 2nd quarter worth about $49,000. Finally, Parallel Advisors LLC boosted its stake in shares of TTM Technologies by 36.2% during 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 in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Up 8.8%

TTM Technologies stock opened at $125.60 on Friday. TTM Technologies, Inc. has a 12 month low of $45.73 and a 12 month high of $223.83. The stock has a fifty day simple moving average of $133.42 and a two-hundred day simple moving average of $137.44. 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 cap of $13.23 billion, a price-to-earnings ratio of 56.58 and a beta of 2.15.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $962.04 million. During the same period last year, the company earned $0.58 EPS. TTM Technologies’s revenue for the quarter was up 37.4% on a year-over-year basis. Equities analysts predict that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In related news, EVP Douglas Soder sold 2,874 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $600,493.56. Following the completion of the sale, the executive vice president directly owned 210,634 shares in the company, valued at approximately $44,009,867.96. The trade was a 1.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel Weber sold 2,915 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total transaction of $609,060.10. Following the sale, the executive vice president directly owned 88,250 shares of the company’s stock, valued at approximately $18,438,955. The trade was a 3.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 108,241 shares of company stock worth $20,911,975. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TTMI has been the topic of several research reports. Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. B. Riley Financial raised their target price on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of TTM Technologies in a research report on Tuesday, August 18th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Stifel Nicolaus raised their price objective on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $214.25.

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.