Emerald Mutual Fund Advisers Trust Has $33.17 Million Position in TTM Technologies, Inc. $TTMI

Emerald Mutual Fund Advisers Trust trimmed its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 8.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 812,551 shares of the technology company’s stock after selling 74,150 shares during the quarter. TTM Technologies comprises 2.0% of Emerald Mutual Fund Advisers Trust’s portfolio, making the stock its 7th biggest holding. Emerald Mutual Fund Advisers Trust’s holdings in TTM Technologies were worth $33,168,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TTMI. Wealth Enhancement Advisory Services LLC raised its holdings in shares of TTM Technologies by 4.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,609 shares of the technology company’s stock valued at $300,000 after buying an additional 660 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of TTM Technologies by 7.3% in the first quarter. Illinois Municipal Retirement Fund now owns 56,153 shares of the technology company’s stock valued at $1,152,000 after buying an additional 3,827 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of TTM Technologies by 23.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 49,433 shares of the technology company’s stock valued at $1,024,000 after buying an additional 9,311 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of TTM Technologies by 0.5% in the first quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company’s stock valued at $2,268,000 after buying an additional 567 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of TTM Technologies by 2.7% in the first quarter. Principal Financial Group Inc. now owns 507,745 shares of the technology company’s stock valued at $10,414,000 after buying an additional 13,299 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on TTMI. Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Stifel Nicolaus lifted their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Truist Financial lifted their price objective on TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Needham & Company LLC lifted their price objective on TTM Technologies from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, TTM Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

Insider Activity at TTM Technologies

In other news, insider Robert P. Farrell sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $46.69, for a total transaction of $70,035.00. Following the completion of the transaction, the insider directly owned 23,822 shares in the company, valued at approximately $1,112,249.18. The trade was a 5.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Spoto sold 3,484 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total value of $162,284.72. Following the transaction, the insider owned 28,649 shares of the company’s stock, valued at $1,334,470.42. The trade was a 10.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 66,477 shares of company stock worth $2,867,405. 1.30% of the stock is owned by company insiders.

TTM Technologies Price Performance

Shares of TTMI stock opened at $63.53 on Thursday. The stock has a 50-day moving average price of $52.84 and a 200 day moving average price of $41.33. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 70.59 and a beta of 1.63. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $63.76.

TTM Technologies (NASDAQ:TTMI) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.06. The company had revenue of $730.62 million during the quarter, compared to analyst estimates of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%.The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. Research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.