Horizon Investment Services LLC Purchases New Position in TTM Technologies, Inc. $TTMI

Horizon Investment Services LLC purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,053 shares of the technology company’s stock, valued at approximately $3,376,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTMI. Harbor Investment Advisory LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at $29,000. Kestra Advisory Services LLC purchased a new position in shares of TTM Technologies in the 4th quarter valued at $30,000. Truvestments Capital LLC acquired a new stake in TTM Technologies during the 4th quarter worth $30,000. GoalVest Advisory LLC raised its stake in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in TTM Technologies in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In related news, SVP Dale Martin Knecht sold 26,198 shares of the firm’s 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 transaction, the senior vice president owned 40,138 shares of the company’s stock, valued at $5,699,596. This trade represents a 39.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Catherine A. Gridley sold 3,056 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $638,520.64. Following the completion of the transaction, the executive vice president owned 71,866 shares in the company, valued at $15,015,682.04. This trade represents a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 108,241 shares of company stock valued at $20,911,975. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

TTMI stock opened at $140.00 on Monday. The company has a market cap of $14.75 billion, a price-to-earnings ratio of 63.06 and a beta of 2.14. The company has a fifty day moving average price of $157.63 and a 200 day moving average price of $135.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. TTM Technologies, Inc. has a 12 month low of $39.20 and a 12 month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 7.01% and a return on equity of 15.67%. TTM Technologies’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period last year, the firm posted $0.58 EPS. Sell-side analysts expect that TTM Technologies, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. B. Riley Financial lifted their target price on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Truist Financial boosted their target price on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Needham & Company LLC upped their target price on TTM Technologies from $208.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Stifel Nicolaus raised their price target on 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 and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $214.25.

TTM Technologies 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.