Deutsche Bank AG Makes New $1.94 Million Investment in TTM Technologies, Inc. $TTMI

Deutsche Bank AG purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,357 shares of the technology company’s stock, valued at approximately $1,937,000.

A number of other institutional investors have also modified their holdings of TTMI. GAMMA Investing LLC grew its stake in TTM Technologies by 1.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock worth $812,000 after acquiring an additional 75 shares during the period. Parallel Advisors LLC raised its holdings in TTM Technologies by 36.2% in the 1st 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. Lido Advisors LLC lifted its stake in shares of TTM Technologies by 1.5% during the 4th quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock worth $553,000 after purchasing an additional 116 shares during the period. GoalVest Advisory LLC lifted its stake in shares of TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after purchasing an additional 137 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of TTM Technologies by 4.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock worth $320,000 after purchasing an additional 142 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In related news, EVP Douglas L. Soder sold 2,874 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 $600,493.56. Following the transaction, the executive vice president owned 210,634 shares in the company, valued at approximately $44,009,867.96. This trade represents a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Dale Martin Knecht sold 26,198 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the sale, the senior vice president owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. This represents a 39.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 108,241 shares of company stock worth $20,911,975. Company insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

Shares of TTM Technologies stock opened at $118.65 on Friday. The business’s fifty day moving average price is $142.53 and its 200 day moving average price is $136.58. TTM Technologies, Inc. has a twelve month low of $42.69 and a twelve month high of $223.83. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $12.50 billion, a P/E ratio of 53.45 and a beta of 2.14.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping 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 return on equity of 15.67% and a net margin of 7.01%.The firm’s revenue was up 37.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share. As a group, research analysts anticipate that TTM Technologies, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Truist Financial lifted their price target on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Stifel Nicolaus upped their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $214.25.

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.