Vise Technologies Inc. Invests $1.32 Million in TTM Technologies, Inc. $TTMI

Vise Technologies Inc. bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,051 shares of the technology company’s stock, valued at approximately $1,319,000.

Several other hedge funds also recently made changes to their positions in the business. Tocqueville Asset Management L.P. acquired a new stake in TTM Technologies during the 2nd quarter valued at $3,526,000. Great Lakes Advisors LLC acquired a new position in shares of TTM Technologies in the second quarter worth $1,457,000. Meeder Asset Management Inc. acquired a new position in TTM Technologies in the 2nd quarter worth about $2,115,000. Citizens Financial Group Inc. RI acquired a new position in TTM Technologies in the second quarter worth approximately $374,000. Finally, BlackRock Inc. acquired a new position in shares of TTM Technologies during the 2nd quarter worth $2,053,347,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Activity

In other TTM Technologies news, EVP Douglas L. Soder sold 2,874 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $600,493.56. Following the completion of the sale, the executive vice president owned 210,634 shares in the company, valued at approximately $44,009,867.96. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dale Martin Knecht sold 26,198 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. This 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. 1.30% of the stock is currently owned by insiders.

TTM Technologies Trading Down 3.4%

TTMI stock opened at $110.54 on Friday. The business has a fifty day moving average price of $151.67 and a 200 day moving average price of $135.98. 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, Inc. has a fifty-two week low of $40.46 and a fifty-two week high of $223.83. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 49.79 and a beta of 2.14.

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

Analysts Set New Price Targets

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

TTM Technologies Company 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.