Teacher Retirement System of Texas Sells 11,594 Shares of TTM Technologies, Inc. $TTMI

Teacher Retirement System of Texas trimmed its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 23.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,063 shares of the technology company’s stock after selling 11,594 shares during the period. Teacher Retirement System of Texas’ holdings in TTM Technologies were worth $2,192,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of TTM Technologies by 8.3% during the third quarter. GAMMA Investing LLC now owns 3,512 shares of the technology company’s stock valued at $202,000 after purchasing an additional 268 shares in the last quarter. Focus Partners Wealth boosted its stake in TTM Technologies by 1.1% during the first quarter. Focus Partners Wealth now owns 31,944 shares of the technology company’s stock valued at $655,000 after buying an additional 343 shares during the last quarter. Yousif Capital Management LLC grew its holdings in TTM Technologies by 1.0% during the 2nd quarter. Yousif Capital Management LLC now owns 38,027 shares of the technology company’s stock valued at $1,552,000 after buying an additional 374 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in TTM Technologies by 52.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock worth $51,000 after acquiring an additional 430 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its holdings in shares of TTM Technologies by 2.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,200 shares of the technology company’s stock worth $865,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Down 1.5%

Shares of NASDAQ:TTMI opened at $96.48 on Friday. The firm has a market capitalization of $9.97 billion, a PE ratio of 76.57 and a beta of 1.74. The business has a 50 day simple moving average of $77.45 and a two-hundred day simple moving average of $61.30. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $106.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.94 and a quick ratio of 1.66.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. TTM Technologies had a return on equity of 13.21% and a net margin of 4.74%.The firm had revenue of $752.74 million during the quarter, compared to analyst estimates of $711.91 million. During the same period last year, the company earned $0.41 EPS. TTM Technologies’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at TTM Technologies

In other news, Director John G. Mayer sold 9,167 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $68.13, for a total transaction of $624,547.71. Following the completion of the sale, the director directly owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert P. Farrell sold 643 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $66.98, for a total transaction of $43,068.14. Following the completion of the transaction, the insider owned 19,406 shares in the company, valued at approximately $1,299,813.88. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 36,870 shares of company stock valued at $2,520,245. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTMI. Weiss Ratings reissued a “buy (b-)” rating on shares of TTM Technologies in a report on Wednesday, January 21st. Zacks Research upgraded shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Truist Financial set a $113.00 price target on TTM Technologies in a research report on Wednesday, January 14th. Finally, B. Riley upped their price objective on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $99.00.

TTM Technologies Profile

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.