244,265 Shares in TTM Technologies, Inc. $TTMI Acquired by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 244,265 shares of the technology company’s stock, valued at approximately $45,682,440,000. TTM Technologies comprises about 3.1% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTMI. Harbor Investment Advisory LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at $29,000. GoalVest Advisory LLC grew its holdings in shares of TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after purchasing an additional 137 shares during the period. Persistent Asset Partners Ltd acquired a new stake in shares of TTM Technologies during the 2nd quarter worth about $49,000. Parallel Advisors LLC raised its holdings in TTM Technologies by 36.2% in the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after buying an additional 87 shares during the period. Finally, Bell Investment Advisors Inc purchased a new stake in TTM Technologies in the 2nd quarter valued at about $68,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $110.54 on Monday. The firm has a 50 day simple moving average of $151.67 and a 200-day simple moving average of $136.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. TTM Technologies, Inc. has a one year low of $40.46 and a one year high of $223.83. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 49.79 and a beta of 2.15.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $962.04 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The business’s quarterly revenue was up 37.4% compared to the same quarter last year. Equities research analysts anticipate that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Daniel J. Weber sold 8,533 shares of TTM Technologies stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,790,223.40. Following the completion of the transaction, the executive vice president directly owned 86,088 shares in the company, valued at approximately $18,061,262.40. This trade represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Shawn A. Powers sold 9,856 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $2,067,788.80. Following the transaction, the executive vice president directly owned 119,268 shares of the company’s stock, valued at $25,022,426.40. The trade was a 7.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 108,241 shares of company stock worth $20,911,975 over the last three months. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. B. Riley Financial upped their price target on TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Stifel Nicolaus lifted their price objective on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Truist Financial boosted their price objective on TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $214.25.

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.