Three Seasons Wealth LLC Acquires Shares of 4,303 TTM Technologies, Inc. $TTMI

Three Seasons Wealth LLC bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to its most recent filing with the SEC. The firm bought 4,303 shares of the technology company’s stock, valued at approximately $805,000.

Several other hedge funds have also bought and sold shares of the business. BlackRock Inc. acquired a new position in TTM Technologies during the second quarter worth $2,053,347,000. Polar Capital Holdings Plc acquired a new position in shares of TTM Technologies during the third quarter valued at about $176,376,000. Invesco Ltd. grew its holdings in shares of TTM Technologies by 127.7% during the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after buying an additional 2,699,494 shares during the last quarter. Whale Rock Capital Management LLC increased its position in shares of TTM Technologies by 112.1% during the fourth quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after acquiring an additional 2,260,035 shares in the last quarter. Finally, Castle Hook Partners LP bought a new stake in shares of TTM Technologies during the fourth quarter worth about $133,351,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, CEO Edwin Roks bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were acquired at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the purchase, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at $7,244,260.78. The trade was a 18.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas L. Soder sold 8,902 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the transaction, the executive vice president owned 208,245 shares in the company, valued at approximately $43,687,718.55. This trade represents a 4.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 108,241 shares of company stock worth $20,911,975. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TTMI shares. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of TTM Technologies in a report on Tuesday, August 18th. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Truist Financial raised 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. Finally, Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $214.25.

TTM Technologies Trading Up 8.8%

Shares of TTM Technologies stock opened at $125.60 on Friday. The firm has a market cap of $13.23 billion, a PE ratio of 56.58 and a beta of 2.15. TTM Technologies, Inc. has a 1 year low of $45.73 and a 1 year high of $223.83. 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 fifty day moving average price of $133.42 and a 200-day moving average price of $137.44.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $962.04 million. During the same quarter in the previous year, the firm posted $0.58 EPS. TTM Technologies’s revenue was up 37.4% on a year-over-year basis. Equities research analysts anticipate that TTM Technologies, Inc. will post 4.26 EPS for the current year.

TTM Technologies Company 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.