Gallagher Fiduciary Advisors LLC Takes $862,000 Position in TTM Technologies, Inc. $TTMI

Gallagher Fiduciary Advisors LLC acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,608 shares of the technology company’s stock, valued at approximately $862,000.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new position in shares of TTM Technologies in the second quarter worth $29,000. GoalVest Advisory LLC raised its stake 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 valued at $31,000 after purchasing an additional 137 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in TTM Technologies in the second quarter worth about $47,000. Persistent Asset Partners Ltd acquired a new stake in TTM Technologies in the second quarter worth about $49,000. Finally, Parallel Advisors LLC grew its position 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 in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on TTMI shares. Truist Financial raised their target price on shares of TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of TTM Technologies in a report on Tuesday, August 18th. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Weiss Ratings upgraded TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $214.25.

TTM Technologies Price Performance

Shares of TTM Technologies stock opened at $112.30 on Wednesday. TTM Technologies, Inc. has a 52 week low of $42.69 and a 52 week high of $223.83. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The stock has a market cap of $11.83 billion, a PE ratio of 50.59 and a beta of 2.15. The company’s 50-day moving average price is $147.94 and its two-hundred day moving average price is $136.32.

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

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, CEO Edwin Roks bought 10,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of the acquisition, the chief executive officer owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. This represents a 18.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas L. Soder sold 2,874 shares of TTM Technologies stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $600,493.56. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 108,241 shares of company stock valued at $20,911,975. Corporate insiders own 1.30% of the company’s stock.

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.