Emerald Advisers LLC Takes Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Emerald Advisers LLC purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 750,280 shares of the technology company’s stock, valued at approximately $13,693,000. Emerald Advisers LLC owned 0.74% of TTM Technologies as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its holdings in TTM Technologies by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock valued at $995,000 after acquiring an additional 600 shares during the period. GAMMA Investing LLC increased its holdings in shares of TTM Technologies by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after purchasing an additional 642 shares in the last quarter. Diversified Trust Co lifted its stake in shares of TTM Technologies by 2.6% in the third quarter. Diversified Trust Co now owns 25,043 shares of the technology company’s stock valued at $457,000 after purchasing an additional 644 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in TTM Technologies by 5.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock worth $244,000 after buying an additional 659 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its position in TTM Technologies by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock worth $1,045,000 after buying an additional 821 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Price Performance

Shares of TTMI traded down $0.35 during mid-day trading on Friday, reaching $22.09. 1,434,997 shares of the company’s stock were exchanged, compared to its average volume of 647,772. The company has a quick ratio of 1.74, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $23.61. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 33.47 and a beta of 1.22. The company has a 50-day simple moving average of $18.90 and a two-hundred day simple moving average of $18.70.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. TTM Technologies had a return on equity of 8.67% and a net margin of 2.90%. The company had revenue of $605.10 million during the quarter, compared to the consensus estimate of $582.70 million. During the same quarter last year, the business posted $0.28 earnings per share. TTM Technologies’s revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts predict that TTM Technologies, Inc. will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In related news, EVP Shawn A. Powers sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the transaction, the executive vice president now owns 101,741 shares of the company’s stock, valued at approximately $2,085,690.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TTM Technologies news, EVP Daniel J. Weber sold 13,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $19.00, for a total value of $247,000.00. Following the sale, the executive vice president now directly owns 94,488 shares of the company’s stock, valued at approximately $1,795,272. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shawn A. Powers sold 7,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the transaction, the executive vice president now directly owns 101,741 shares of the company’s stock, valued at approximately $2,085,690.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,000 shares of company stock worth $1,153,900. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TTMI shares. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. B. Riley raised their price objective on TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research note on Thursday, August 1st. Truist Financial reiterated a “buy” rating and set a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Finally, Needham & Company LLC upped their target price on TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $25.31.

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.