Emerald Mutual Fund Advisers Trust Takes Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Emerald Mutual Fund Advisers Trust bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 554,545 shares of the technology company’s stock, valued at approximately $10,120,000. Emerald Mutual Fund Advisers Trust owned approximately 0.54% of TTM Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 acquiring an additional 659 shares in the last quarter. nVerses Capital LLC acquired a new position in TTM Technologies in the 3rd quarter worth $148,000. Creative Planning increased its holdings in TTM Technologies by 20.1% during the 3rd quarter. Creative Planning now owns 20,409 shares of the technology company’s stock worth $372,000 after purchasing an additional 3,420 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of TTM Technologies by 2.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 142,772 shares of the technology company’s stock valued at $2,606,000 after purchasing an additional 3,385 shares during the period. Finally, Diversified Trust Co lifted its holdings 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 in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TTM Technologies Price Performance

NASDAQ:TTMI opened at $22.09 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.74 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $18.90 and a 200 day simple moving average of $18.70. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $23.61. The stock has a market capitalization of $2.25 billion, a PE ratio of 33.47 and a beta of 1.22.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a net margin of 2.90% and a return on equity of 8.67%. The company had revenue of $605.10 million for the quarter, compared to analysts’ expectations of $582.70 million. During the same period in the prior year, the firm earned $0.28 EPS. TTM Technologies’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts expect that TTM Technologies, Inc. will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling at TTM Technologies

In related news, SVP Dale Martin Knecht sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.40, for a total transaction of $348,000.00. Following the transaction, the senior vice president now directly owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Catherine A. Gridley sold 10,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $17.49, for a total value of $174,900.00. Following the transaction, the executive vice president now owns 120,296 shares in the company, valued at approximately $2,103,977.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Martin Knecht sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.40, for a total value of $348,000.00. Following the sale, the senior vice president now owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,000 shares of company stock worth $1,153,900 over the last 90 days. Company insiders own 1.30% of the company’s stock.

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.