57,570 Shares in TTM Technologies, Inc. $TTMI Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 57,570 shares of the technology company’s stock, valued at approximately $7,072,000. TTM Technologies makes up 1.1% of Deltec Asset Management LLC’s investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of TTM Technologies by 1.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock valued at $812,000 after acquiring an additional 75 shares in the last quarter. Parallel Advisors LLC increased its holdings in TTM Technologies by 36.2% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after purchasing an additional 87 shares in the last quarter. GoalVest Advisory LLC raised its position in TTM Technologies by 456.7% in the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after buying an additional 137 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in TTM Technologies by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock valued at $320,000 after acquiring an additional 142 shares in the last quarter. Finally, Elm3 Financial Group LLC lifted its stake in TTM Technologies by 7.1% during the 3rd quarter. Elm3 Financial Group LLC now owns 2,142 shares of the technology company’s stock valued at $263,000 after acquiring an additional 142 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Insider Transactions at TTM Technologies

In other TTM Technologies news, SVP Dale Knecht sold 26,198 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the completion of the sale, the senior vice president owned 40,138 shares of the company’s stock, valued at $5,699,596. This represents a 39.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edwin Roks bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

Shares of NASDAQ TTMI opened at $85.50 on Tuesday. The stock’s 50-day moving average is $116.27 and its 200 day moving average is $127.26. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 34.06 and a beta of 2.14. TTM Technologies, Inc. has a 1-year low of $55.44 and a 1-year high of $223.83. The company has a current ratio of 1.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71.

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

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.

Analyst Upgrades and Downgrades

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

TTM Technologies Company 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.