Headlands Technologies LLC Has $1.44 Million Stock Position in TTM Technologies, Inc. $TTMI

Headlands Technologies LLC lessened its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 47.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,715 shares of the technology company’s stock after selling 6,982 shares during the quarter. Headlands Technologies LLC’s holdings in TTM Technologies were worth $1,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TTMI. BlackRock Inc. acquired a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $2,053,347,000. Polar Capital Holdings Plc bought a new position in TTM Technologies in the third quarter valued at approximately $176,376,000. Invesco Ltd. raised its position in 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 purchasing an additional 2,699,494 shares in the last quarter. Whale Rock Capital Management LLC raised its position in 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 valued at $295,066,000 after purchasing an additional 2,260,035 shares in the last quarter. Finally, Castle Hook Partners LP bought a new stake in TTM Technologies during the fourth quarter worth $133,351,000. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

TTMI has been the topic of several recent analyst reports. Truist Financial lifted their price target on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Stifel Nicolaus increased their price target on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of TTM Technologies in a research report on Tuesday, August 18th. B. Riley Financial increased their price target on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday. 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 data from MarketBeat, TTM Technologies presently has a consensus rating of “Buy” and a consensus price target of $214.25.

Insider Transactions at TTM Technologies

In related news, EVP Shawn A. Powers sold 3,367 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $703,500.98. Following the sale, the executive vice president directly owned 120,801 shares of the company’s stock, valued at $25,240,160.94. This trade represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Edwin Roks bought 10,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased 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 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. In the last 90 days, insiders sold 108,241 shares of company stock valued at $20,911,975. Company insiders own 1.30% of the company’s stock.

TTM Technologies Trading Up 0.2%

Shares of TTM Technologies stock opened at $118.92 on Tuesday. The stock has a fifty day simple moving average of $140.48 and a 200 day simple moving average of $137.03. The company has a market capitalization of $12.53 billion, a P/E ratio of 53.57 and a beta of 2.14. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. TTM Technologies, Inc. has a 12-month low of $42.69 and a 12-month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last issued 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 return on equity of 15.67% and a net margin of 7.01%.The business had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. During the same period last year, the company posted $0.58 earnings per share. TTM Technologies’s quarterly revenue was up 37.4% compared to the same quarter last year. On average, sell-side analysts anticipate that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

About TTM Technologies

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.