TTM Technologies (NASDAQ:TTMI) CEO Edwin Roks Buys 10,000 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) CEO Edwin Roks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average price of $111.77 per share, for a total transaction of $1,117,700.00. Following the purchase, the chief executive officer owned 64,814 shares in the company, valued at approximately $7,244,260.78. This represents a 18.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TTM Technologies Stock Up 4.8%

TTMI opened at $112.30 on Wednesday. TTM Technologies, Inc. has a 52 week low of $42.69 and a 52 week high of $223.83. The company has a quick ratio of 1.54, a current ratio of 1.78 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $147.94 and a two-hundred day simple moving average of $136.32. The company has a market capitalization of $11.83 billion, a PE ratio of 50.59 and a beta of 2.15.

TTM Technologies (NASDAQ:TTMI) last posted its 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. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $962.04 million. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. Analysts forecast that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of TTM Technologies by 1.8% in the second quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock worth $812,000 after acquiring an additional 75 shares during the last quarter. Parallel Advisors LLC raised 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 purchasing an additional 87 shares during the last quarter. Lido Advisors LLC raised its stake in TTM Technologies by 1.5% in the 4th quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock valued at $553,000 after purchasing an additional 116 shares during the last quarter. GoalVest Advisory LLC lifted 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 valued at $31,000 after purchasing an additional 137 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted 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 purchasing an additional 142 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TTMI shares. Truist Financial upped their target price 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. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. B. Riley Financial upped their price objective on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, TTM Technologies currently has an average rating of “Buy” and a consensus target price of $214.25.

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.