Jackson Creek Investment Advisors LLC Has $1.22 Million Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Jackson Creek Investment Advisors LLC reduced its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 29.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,492 shares of the technology company’s stock after selling 25,195 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in TTM Technologies were worth $1,220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTMI. Franklin Resources Inc. boosted its holdings in shares of TTM Technologies by 532.1% in the 4th quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock valued at $48,454,000 after buying an additional 1,648,017 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in TTM Technologies by 50.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company’s stock valued at $37,971,000 after buying an additional 515,015 shares during the period. Emerald Advisers LLC lifted its position in shares of TTM Technologies by 34.3% in the first quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock valued at $29,533,000 after buying an additional 367,798 shares during the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of TTM Technologies by 5.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company’s stock worth $32,491,000 after acquiring an additional 63,230 shares during the period. Finally, Portolan Capital Management LLC increased its holdings in shares of TTM Technologies by 22.6% during the 4th quarter. Portolan Capital Management LLC now owns 1,301,342 shares of the technology company’s stock worth $32,208,000 after acquiring an additional 239,972 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TTMI has been the topic of a number of research reports. Truist Financial upped their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Needham & Company LLC raised their price target on shares of TTM Technologies from $35.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 5th. B. Riley raised their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $40.00 price target (up from $33.00) on shares of TTM Technologies in a research note on Monday, June 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $45.25.

TTM Technologies Price Performance

TTMI stock traded down $0.52 during midday trading on Friday, reaching $45.70. The company had a trading volume of 258,874 shares, compared to its average volume of 1,011,935. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 60.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.07 and a quick ratio of 1.75. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $47.63. The stock has a 50 day moving average price of $35.93 and a 200-day moving average price of $27.47.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. TTM Technologies had a return on equity of 10.75% and a net margin of 3.09%. The company had revenue of $648.67 million during the quarter, compared to analysts’ expectations of $621.44 million. During the same quarter in the previous year, the firm earned $0.28 EPS. TTM Technologies’s revenue was up 13.8% on a year-over-year basis. Equities research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies announced that its Board of Directors has authorized a stock repurchase program on Friday, May 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other TTM Technologies news, COO Philip Titterton sold 23,486 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $36.39, for a total value of $854,655.54. Following the completion of the transaction, the chief operating officer owned 123,338 shares of the company’s stock, valued at $4,488,269.82. This represents a 16.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dale Martin Knecht sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the completion of the transaction, the senior vice president owned 76,346 shares of the company’s stock, valued at approximately $2,253,733.92. This trade represents a 11.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,226 shares of company stock worth $3,504,492 over the last 90 days. Insiders own 1.30% of the company’s stock.

TTM Technologies Company Profile

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.