554,545 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 554,545 shares of the technology company’s stock, valued at approximately $10,120,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TTMI. American Century Companies Inc. increased its stake in TTM Technologies by 88.8% in the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after acquiring an additional 695,844 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of TTM Technologies during the 2nd quarter worth $8,806,000. Archon Capital Management LLC bought a new stake in shares of TTM Technologies during the 1st quarter worth $3,097,000. Algert Global LLC boosted its stake in TTM Technologies by 137.5% in the second quarter. Algert Global LLC now owns 218,938 shares of the technology company’s stock valued at $4,254,000 after buying an additional 126,748 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in TTM Technologies by 14.6% in the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock valued at $14,080,000 after acquiring an additional 92,300 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTMI has been the subject of a number of research reports. Truist Financial reissued a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. B. Riley raised their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus upped their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC raised their price objective on TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, TTM Technologies presently has a consensus rating of “Buy” and a consensus target price of $25.31.

TTM Technologies Trading Down 1.6 %

Shares of NASDAQ TTMI opened at $22.09 on Friday. The firm has a 50 day moving average price of $18.90 and a two-hundred day moving average price of $18.70. The stock has a market cap of $2.25 billion, a P/E ratio of 33.47 and a beta of 1.22. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $23.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.74 and a current ratio of 2.00.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $605.10 million during the quarter, compared to the consensus estimate of $582.70 million. TTM Technologies had a return on equity of 8.67% and a net margin of 2.90%. TTM Technologies’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, equities analysts forecast that TTM Technologies, Inc. will post 1.31 EPS for the current year.

Insider Activity

In related news, EVP Catherine A. Gridley sold 10,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.49, for a total value of $174,900.00. Following the transaction, the executive vice president now directly owns 120,296 shares of the company’s stock, valued at $2,103,977.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Shawn A. Powers sold 7,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the completion of the sale, the executive vice president now directly owns 101,741 shares in the company, valued at $2,085,690.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Catherine A. Gridley sold 10,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $17.49, for a total transaction of $174,900.00. Following the sale, the executive vice president now directly owns 120,296 shares in the company, valued at $2,103,977.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,000 shares of company stock valued at $1,153,900. Company insiders own 1.30% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.