5,310 Shares in TTM Technologies, Inc. $TTMI Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,310 shares of the technology company’s stock, valued at approximately $993,000.

Several other hedge funds and other institutional investors have also modified their holdings of TTMI. BlackRock Inc. acquired a new position in shares of TTM Technologies in the 2nd quarter valued at $2,053,347,000. Rokos Capital Management LLP acquired a new position in shares of TTM Technologies during the first quarter worth about $13,031,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in TTM Technologies by 97.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 197,799 shares of the technology company’s stock worth $19,270,000 after purchasing an additional 97,799 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in TTM Technologies in the fourth quarter worth $668,000. Finally, Renaissance Technologies LLC purchased a new position in shares of TTM Technologies in the 1st quarter valued at about $36,130,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TTM Technologies

In related news, EVP Shawn A. Powers sold 9,856 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $2,067,788.80. Following the completion of the transaction, the executive vice president directly owned 119,268 shares in the company, valued at approximately $25,022,426.40. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Dale Martin Knecht sold 26,198 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the transaction, the senior vice president owned 40,138 shares in the company, valued at $5,699,596. This trade represents a 39.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, 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

NASDAQ:TTMI opened at $118.65 on Monday. TTM Technologies, Inc. has a 12-month low of $42.69 and a 12-month high of $223.83. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 53.45 and a beta of 2.15. The company’s 50-day moving average is $142.53 and its two-hundred day moving average is $136.85. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The business 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 company’s revenue was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. Research analysts expect that TTM Technologies, Inc. will post 4.26 EPS for the current year.

Analyst Ratings Changes

TTMI has been the subject of several research reports. Truist Financial lifted their price objective on TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings lowered shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of TTM Technologies in a report on Tuesday, August 18th. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $214.25.

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.