PEAK6 LLC Takes $4.80 Million Position in TTM Technologies, Inc. $TTMI

PEAK6 LLC purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,658 shares of the technology company’s stock, valued at approximately $4,799,000.

A number of other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in TTM Technologies by 1.8% during the second quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock valued at $812,000 after purchasing an additional 75 shares in the last quarter. Parallel Advisors LLC lifted its stake in 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 buying an additional 87 shares in the last quarter. Lido Advisors LLC boosted its holdings in TTM Technologies by 1.5% in the 4th quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock worth $553,000 after buying an additional 116 shares during the last quarter. GoalVest Advisory LLC increased its stake 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 buying an additional 137 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in TTM Technologies by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock worth $320,000 after buying an additional 142 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $110.54 on Monday. The stock has a market cap of $11.65 billion, a P/E ratio of 49.79 and a beta of 2.15. The stock’s 50 day simple moving average is $151.67 and its 200-day simple moving average is $136.21. TTM Technologies, Inc. has a 1-year low of $40.46 and a 1-year high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, beating 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 firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. During the same quarter last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. Analysts predict that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling

In other TTM Technologies news, EVP Daniel J. Weber sold 2,915 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $609,060.10. Following the completion of the sale, the executive vice president directly owned 88,250 shares in the company, valued at $18,438,955. This represents a 3.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Catherine A. Gridley sold 3,056 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $638,520.64. Following the completion of the sale, the executive vice president directly owned 71,866 shares of the company’s stock, valued at $15,015,682.04. This trade represents a 4.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 108,241 shares of company stock worth $20,911,975 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TTMI shares. Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of TTM Technologies in a research report on Tuesday, August 18th. Truist Financial increased their price objective on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, B. Riley Financial upped their target price on shares of TTM Technologies from $182.00 to $208.00 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 issued a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.