Norris Financial Group LLC Takes $4.26 Million Position in TTM Technologies, Inc. $TTMI

Norris Financial Group LLC purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the 1st quarter, HoldingsChannel reports. The firm purchased 43,703 shares of the technology company’s stock, valued at approximately $4,258,000. TTM Technologies accounts for approximately 1.4% of Norris Financial Group LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other large investors also recently bought and sold shares of TTMI. Parallel Advisors LLC grew its holdings in TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after purchasing an additional 87 shares during the period. Signature Equity Partners LLC acquired a new position in shares of TTM Technologies during the 1st quarter worth approximately $40,000. Kestra Advisory Services LLC purchased a new position in shares of TTM Technologies during the 4th quarter valued at approximately $30,000. Truvestments Capital LLC purchased a new position in shares of TTM Technologies during the 4th quarter valued at approximately $30,000. Finally, Rakuten Securities Inc. acquired a new stake in TTM Technologies in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analysts Set New Price Targets

TTMI has been the subject of several recent analyst reports. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Needham & Company LLC upped their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Wall Street Zen lowered shares of TTM Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, B. Riley Financial boosted their price objective on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Daniel J. Weber sold 8,533 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $1,790,223.40. Following the transaction, the executive vice president directly owned 86,088 shares in the company, valued at $18,061,262.40. The trade was a 9.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 6,754 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total transaction of $1,416,921.66. Following the completion of the sale, the senior vice president directly owned 68,350 shares of the company’s stock, valued at approximately $14,339,146.50. This trade represents a 8.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 82,043 shares of company stock worth $17,191,859. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $115.51 on Friday. TTM Technologies, Inc. has a 52 week low of $39.20 and a 52 week high of $223.83. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 62.44 and a beta of 2.10. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $169.05 and a 200-day simple moving average of $132.59.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. TTM Technologies had a return on equity of 13.70% and a net margin of 6.29%.The company had revenue of $845.98 million during the quarter, compared to analysts’ expectations of $789.84 million. During the same period in the prior year, the business earned $0.50 EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. On average, equities analysts predict that TTM Technologies, Inc. will post 3.66 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.