G2 Investment Partners Management LLC Grows Position in TTM Technologies, Inc. (NASDAQ:TTMI)

G2 Investment Partners Management LLC increased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 221.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,167 shares of the technology company’s stock after purchasing an additional 179,285 shares during the period. TTM Technologies makes up approximately 1.7% of G2 Investment Partners Management LLC’s portfolio, making the stock its 27th largest position. G2 Investment Partners Management LLC’s holdings in TTM Technologies were worth $6,439,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TTMI. Quadrant Capital Group LLC lifted its holdings in shares of TTM Technologies by 8.5% in the fourth quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company’s stock valued at $139,000 after purchasing an additional 442 shares in the last quarter. GAMMA Investing LLC grew its position in shares of TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after buying an additional 443 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of TTM Technologies by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company’s stock worth $490,000 after purchasing an additional 602 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in TTM Technologies by 8.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company’s stock valued at $288,000 after buying an additional 940 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in TTM Technologies by 6.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company’s stock worth $423,000 after purchasing an additional 1,000 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TTM Technologies

In related news, COO Philip Titterton sold 24,792 shares of TTM Technologies stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total value of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares in the company, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Dale Martin Knecht sold 3,848 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now owns 86,346 shares of the company’s stock, valued at $2,245,859.46. This trade represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,600 shares of company stock worth $1,310,642 over the last 90 days. Insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

TTMI stock opened at $26.21 on Friday. The firm has a 50 day moving average of $21.07 and a two-hundred day moving average of $23.28. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $30.41. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 48.53 and a beta of 1.20. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The firm had revenue of $648.67 million during the quarter, compared to analysts’ expectations of $621.44 million. During the same period in the prior year, the company posted $0.28 earnings per share. TTM Technologies’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TTMI has been the subject of a number of recent research reports. B. Riley upped their price objective on TTM Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Stifel Nicolaus started coverage on TTM Technologies in a report on Tuesday, February 11th. They set a “buy” rating and a $33.00 target price on the stock. Truist Financial reduced their price objective on TTM Technologies from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, Needham & Company LLC lifted their price objective on shares of TTM Technologies from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st.

TTM Technologies Profile

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.