Jupiter Topco LLC Makes New $8.37 Million Investment in TTM Technologies, Inc. $TTMI

Jupiter Topco LLC acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,773 shares of the technology company’s stock, valued at approximately $8,374,000.

Several other hedge funds also recently modified their holdings of TTMI. Royal Bank of Canada raised its holdings in TTM Technologies by 66.6% during the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock worth $543,000 after acquiring an additional 10,565 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TTM Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in TTM Technologies by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after purchasing an additional 115,766 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of TTM Technologies by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock worth $3,908,000 after purchasing an additional 13,691 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of TTM Technologies by 1,150.2% during the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after purchasing an additional 128,700 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TTMI shares. Truist Financial increased their price objective on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of TTM Technologies in a research note on Tuesday, August 18th. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus boosted their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $214.25.

TTM Technologies Price Performance

TTMI stock opened at $118.65 on Monday. 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 capitalization of $12.50 billion, a PE ratio of 53.45 and a beta of 2.15. TTM Technologies, Inc. has a 1-year low of $42.69 and a 1-year high of $223.83. The business’s 50 day simple moving average is $142.53 and its 200 day simple moving average is $136.85.

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

Insider Buying and Selling

In other news, EVP Shawn A. Powers sold 9,856 shares of the firm’s stock in a transaction dated 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 owned 119,268 shares in the company, valued at approximately $25,022,426.40. This trade represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Dale Martin Knecht sold 26,198 shares of TTM Technologies stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the sale, 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. Over the last three months, insiders sold 108,241 shares of company stock valued at $20,911,975. 1.30% of the stock is currently owned by insiders.

TTM Technologies Company 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.