Public Employees Retirement System of Ohio Takes Position in TTM Technologies, Inc. $TTMI

Public Employees Retirement System of Ohio acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,724 shares of the technology company’s stock, valued at approximately $5,746,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Investment Advisory LLC purchased a new stake in TTM Technologies in the second quarter valued at approximately $29,000. Kestra Advisory Services LLC purchased a new position in TTM Technologies during the 4th quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in TTM Technologies during the 4th quarter worth approximately $30,000. GoalVest Advisory LLC lifted 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 valued at $31,000 after acquiring an additional 137 shares during the period. Finally, Parallel Advisors LLC lifted its stake in TTM Technologies by 36.2% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $115.60 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 52.07 and a beta of 2.15. The firm’s 50 day simple moving average is $136.64 and its 200-day simple moving average is $137.36. TTM Technologies, Inc. has a 12 month low of $45.10 and a 12 month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last posted its 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 net margin of 7.01% and a return on equity of 15.67%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. During the same period in the previous year, the business posted $0.58 EPS. The business’s revenue was up 37.4% compared to the same quarter last year. Analysts expect that TTM Technologies, Inc. will post 4.26 EPS for the current year.

Insider Buying and Selling

In other news, CEO Edwin Roks bought 10,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the purchase, the chief executive officer directly owned 64,814 shares in the company, valued at $7,244,260.78. The trade was a 18.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 26,198 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $142.00, for a total value of $3,720,116.00. Following the sale, the senior vice president owned 40,138 shares in the company, valued at $5,699,596. This trade represents a 39.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 108,241 shares of company stock valued at $20,911,975 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TTMI has been the topic of a number of research reports. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of TTM Technologies in a research report on Tuesday, August 18th. B. Riley Financial upped their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Stifel Nicolaus increased their price target on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Truist Financial lifted their price objective on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One investment 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 data from MarketBeat.com, TTM Technologies has a consensus rating of “Buy” and an average target price 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.