TTM Technologies, Inc. $TTMI Stock Purchased by Capstone Capital Management Ltd

Capstone Capital Management Ltd grew its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 180.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,137 shares of the technology company’s stock after acquiring an additional 7,164 shares during the quarter. Capstone Capital Management Ltd’s holdings in TTM Technologies were worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of TTM Technologies by 1.8% in the second quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock valued at $812,000 after buying an additional 75 shares in the last quarter. Parallel Advisors LLC increased its position in shares of TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after acquiring an additional 87 shares in the last quarter. GoalVest Advisory LLC increased its position in shares of TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position 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 acquiring an additional 142 shares in the last quarter. Finally, Elm3 Financial Group LLC increased its position in shares of TTM Technologies by 7.1% during the third quarter. Elm3 Financial Group LLC now owns 2,142 shares of the technology company’s stock worth $263,000 after acquiring an additional 142 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of TTM Technologies from $224.00 to $231.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 30th. Needham & Company LLC decreased their price objective on TTM Technologies from $220.00 to $175.00 and set a “buy” rating for the company in a report on Monday, September 21st. Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Finally, Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.75.

Insider Buying and Selling

In related news, SVP Dale Knecht sold 26,198 shares of TTM Technologies stock in a transaction 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 directly owned 40,138 shares in the company, valued at approximately $5,699,596. This trade represents a 39.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Edwin Roks acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the transaction, the chief executive officer owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. The trade was a 18.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.30% of the company’s stock.

TTM Technologies Stock Down 3.6%

TTMI opened at $95.51 on Wednesday. TTM Technologies, Inc. has a fifty-two week low of $54.43 and a fifty-two week high of $223.83. The firm has a market capitalization of $10.06 billion, a P/E ratio of 43.02 and a beta of 2.14. The company’s 50-day moving average is $120.29 and its 200 day moving average is $142.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.89 by $0.10. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $962.04 million. During the same quarter last year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. Research analysts expect that TTM Technologies, Inc. will post 4.22 earnings per share for the current fiscal year.

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.