TTM Technologies, Inc. $TTMI Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 48.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,000 shares of the technology company’s stock after purchasing an additional 9,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in TTM Technologies were worth $3,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of TTM Technologies by 1.8% in the second quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock valued at $812,000 after purchasing an additional 75 shares during the last quarter. Parallel Advisors LLC increased its holdings in TTM Technologies by 36.2% in the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after buying an additional 87 shares during the period. North Dakota State Investment Board increased its holdings in TTM Technologies by 4.0% in the 3rd quarter. North Dakota State Investment Board now owns 3,121 shares of the technology company’s stock valued at $383,000 after buying an additional 119 shares during the period. GoalVest Advisory LLC raised its holdings in shares of 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 buying an additional 137 shares in the last quarter. Finally, Elm3 Financial Group LLC raised its holdings in shares of TTM Technologies by 7.1% during the 3rd quarter. Elm3 Financial Group LLC now owns 2,142 shares of the technology company’s stock worth $263,000 after buying an additional 142 shares in the last quarter. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial decreased their target price on TTM Technologies from $231.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Stifel Nicolaus reduced their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Finally, Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.25.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $76.58 on Tuesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 1.67. TTM Technologies, Inc. has a 52 week low of $55.44 and a 52 week high of $223.83. The firm has a market cap of $8.07 billion, a PE ratio of 30.51 and a beta of 2.14. The firm’s fifty day moving average is $112.61 and its 200-day moving average is $127.47.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. TTM Technologies’s quarterly revenue was up 59.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. Sell-side analysts predict that TTM Technologies, Inc. will post 4.36 earnings per share for the current year.

Insider Activity

In related news, CEO Edwin Roks bought 5,000 shares of TTM Technologies stock in a transaction that occurred on Wednesday, October 28th. The shares were acquired at an average cost of $88.07 per share, for a total transaction of $440,350.00. Following the completion of the acquisition, the chief executive officer directly owned 64,483 shares of the company’s stock, valued at approximately $5,679,017.81. The trade was a 8.41% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Dale Knecht sold 26,198 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president owned 40,138 shares in the company, valued at $5,699,596. The trade was a 39.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders purchased 25,000 shares of company stock valued at $2,460,550. 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.