TTM Technologies (NASDAQ:TTMI) CEO Buys $1,117,700.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) CEO Edwin Roks purchased 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, for a total transaction of $1,117,700.00. Following the completion of the purchase, the chief executive officer directly owned 64,814 shares in the company, valued at $7,244,260.78. This represents a 18.24% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

TTM Technologies Stock Performance

TTM Technologies stock traded up $5.18 during mid-day trading on Tuesday, reaching $112.30. The company’s stock had a trading volume of 2,126,920 shares, compared to its average volume of 3,477,900. TTM Technologies, Inc. has a 12-month low of $42.69 and a 12-month high of $223.83. The company has a market capitalization of $11.83 billion, a P/E ratio of 50.59 and a beta of 2.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. The firm’s fifty day moving average price is $147.94 and its two-hundred day moving average price is $136.32.

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

Analysts Set New Price Targets

TTMI has been the subject of several analyst reports. Wall Street Zen upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Truist Financial boosted their price objective on shares of TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 target price on shares of TTM Technologies in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $214.25.

Hedge Funds Weigh In On TTM Technologies

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in TTM Technologies during the second quarter valued at about $2,053,347,000. Rokos Capital Management LLP purchased a new position in shares of TTM Technologies in the 1st quarter worth about $13,031,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of 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 valued at $19,270,000 after purchasing an additional 97,799 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of TTM Technologies during the 4th quarter valued at about $668,000. Finally, Renaissance Technologies LLC purchased a new position in shares of TTM Technologies during the 1st quarter valued at about $36,130,000. 95.79% of the stock is currently owned by institutional investors.

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.