Creative Planning Acquires Shares of 16,989 TTM Technologies, Inc. (NASDAQ:TTMI)

Creative Planning acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,989 shares of the technology company’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds have also bought and sold shares of TTMI. American Century Companies Inc. lifted its stake in shares of TTM Technologies by 88.8% in the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after purchasing an additional 695,844 shares during the period. Hood River Capital Management LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at $8,806,000. Archon Capital Management LLC purchased a new stake in TTM Technologies in the 1st quarter worth $3,097,000. Algert Global LLC increased its holdings in TTM Technologies by 137.5% in the 2nd quarter. Algert Global LLC now owns 218,938 shares of the technology company’s stock worth $4,254,000 after acquiring an additional 126,748 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in TTM Technologies by 14.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock worth $14,080,000 after acquiring an additional 92,300 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TTM Technologies

In related news, SVP Dale Martin Knecht sold 20,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $17.40, for a total value of $348,000.00. Following the completion of the transaction, the senior vice president now owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Dale Martin Knecht sold 20,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $17.40, for a total transaction of $348,000.00. Following the completion of the sale, the senior vice president now owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Weber sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $18.50, for a total value of $240,500.00. Following the completion of the transaction, the executive vice president now owns 107,488 shares of the company’s stock, valued at approximately $1,988,528. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,000 shares of company stock valued at $1,153,900. 1.30% of the stock is owned by insiders.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $20.50 on Friday. The firm’s fifty day simple moving average is $18.68 and its 200-day simple moving average is $18.29. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -1,025.00 and a beta of 1.25. TTM Technologies, Inc. has a 12 month low of $11.14 and a 12 month high of $22.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.74.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The company had revenue of $605.10 million for the quarter, compared to analysts’ expectations of $582.70 million. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. TTM Technologies’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. As a group, equities analysts forecast that TTM Technologies, Inc. will post 1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTMI. Needham & Company LLC boosted their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Truist Financial reissued a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Stifel Nicolaus boosted their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, B. Riley increased their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TTM Technologies currently has an average rating of “Buy” and a consensus price target of $24.31.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.