22,300 Shares in TTM Technologies, Inc. $TTMI Bought by Maxi Investments CY Ltd

Maxi Investments CY Ltd purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,300 shares of the technology company’s stock, valued at approximately $2,739,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of TTM Technologies in the second quarter worth $2,053,347,000. Wellington Management Group LLP raised its position in TTM Technologies by 61.9% during the 2nd quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after purchasing an additional 867,255 shares during the last quarter. Atalan Capital Partners LP bought a new position in TTM Technologies during the 2nd quarter worth $189,234,000. Bank of New York Mellon Corp raised its position in TTM Technologies by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 715,543 shares of the technology company’s stock worth $69,708,000 after purchasing an additional 11,610 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in TTM Technologies by 6.5% during the 1st quarter. Bank of America Corp DE now owns 636,152 shares of the technology company’s stock worth $61,974,000 after buying an additional 38,710 shares during the period. Institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Needham & Company LLC lowered their price objective on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday. Stifel Nicolaus lowered their price objective on TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a research report on Friday. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Zacks Research cut TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

Key Headlines Impacting TTM Technologies

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Record results and raised outlook: TTM reported third-quarter revenue of approximately $1.2 billion, up 60% year over year, with record adjusted EBITDA and non-GAAP earnings. Management forecast fourth-quarter revenue of $1.42 billion to $1.44 billion and non-GAAP EPS of $1.77 to $1.83. The company also cited a 2.13 book-to-bill ratio and a $2.0 billion aerospace and defense backlog, suggesting strong demand visibility. TTM Technologies Jumps as Investors Reassess Strong Q3 Beat and Outlook
• Positive Sentiment: AI and defense expansion: TTM is positioning for growth in artificial intelligence, aerospace and defense, supported by investments and acquisitions including the planned purchase of MKS’s Ophir optics business. These initiatives could broaden its exposure to high-growth technology and defense programs. TTM Technologies Bets Big on AI, Defense Growth
• Positive Sentiment: Bullish options activity: Traders purchased 10,816 call options, roughly 144% above typical daily call volume, indicating increased speculative interest in further gains.
• Neutral Sentiment: Post-earnings volatility continues: The stock’s rebound followed a sharp prior-session selloff as investors continued interpreting the earnings report and outlook. Elevated volume highlights heightened interest but also substantial short-term volatility. TTM Technologies climbs as volatile post-earnings trading continues
• Negative Sentiment: Legal and insider-selling risks: A law firm announced a fraud investigation for investors reporting significant losses. Separately, reported insider activity over the past six months was heavily weighted toward sales, despite some executive purchases, which may weigh on sentiment.

TTM Technologies Trading Up 6.7%

TTMI opened at $85.50 on Tuesday. TTM Technologies, Inc. has a twelve month low of $55.44 and a twelve month high of $223.83. The company has a quick ratio of 1.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average of $116.27 and a 200-day moving average of $127.26. The stock has a market cap of $9.01 billion, a PE ratio of 34.06 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.21. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. TTM Technologies’s revenue for the quarter was up 59.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. On average, sell-side analysts predict that TTM Technologies, Inc. will post 4.22 EPS for the current year.

Insider Transactions at TTM Technologies

In other news, SVP Dale Knecht sold 26,198 shares of TTM Technologies stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the transaction, the senior vice president directly owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edwin Roks acquired 10,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was acquired at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the transaction, the chief executive officer owned 64,814 shares in the company, valued at approximately $7,244,260.78. This represents a 18.24% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.30% of the company’s stock.

TTM Technologies Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.