VIRGINIA RETIREMENT SYSTEMS ET Al Takes $3.67 Million Position in TTM Technologies, Inc. $TTMI

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,600 shares of the technology company’s stock, valued at approximately $3,666,000.

Several other institutional investors have also recently bought and sold shares of the stock. Harbor Investment Advisory LLC acquired a new position in TTM Technologies during the 2nd quarter worth $29,000. GoalVest Advisory LLC increased its stake in shares of TTM Technologies by 456.7% in the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after buying an additional 137 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of TTM Technologies during the second quarter valued at $47,000. Persistent Asset Partners Ltd acquired a new position in shares of TTM Technologies during the second quarter valued at $49,000. Finally, Parallel Advisors LLC boosted 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 acquiring an additional 87 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Performance

Shares of TTMI stock opened at $124.25 on Thursday. The stock has a 50-day moving average of $129.93 and a 200-day moving average of $138.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. The stock has a market cap of $13.09 billion, a PE ratio of 55.97 and a beta of 2.15. TTM Technologies, Inc. has a one year low of $46.01 and a one year high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.10. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The firm’s revenue was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. As a group, sell-side analysts expect that TTM Technologies, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TTMI has been the subject of several recent research reports. Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Truist Financial boosted their price target on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. B. Riley Financial increased their price objective on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of TTM Technologies in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $214.25.

Insiders Place Their Bets

In other news, CEO Edwin Roks bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the transaction, the chief executive officer owned 64,814 shares in the company, valued at $7,244,260.78. This represents a 18.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas L. Soder sold 2,874 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $600,493.56. Following the transaction, the executive vice president directly owned 210,634 shares of the company’s stock, valued at approximately $44,009,867.96. This trade represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 108,241 shares of company stock worth $20,911,975 in the last ninety days. 1.30% of the stock is owned by insiders.

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.