Algert Global LLC Grows Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Algert Global LLC raised its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 137.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 218,938 shares of the technology company's stock after purchasing an additional 126,748 shares during the period. Algert Global LLC owned approximately 0.21% of TTM Technologies worth $4,254,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TTMI. CWM LLC boosted its holdings in TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company's stock valued at $36,000 after purchasing an additional 1,244 shares during the period. Headlands Technologies LLC bought a new stake in TTM Technologies in the 1st quarter valued at about $37,000. Innealta Capital LLC bought a new stake in TTM Technologies in the 2nd quarter valued at about $64,000. EntryPoint Capital LLC boosted its holdings in TTM Technologies by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company's stock valued at $98,000 after purchasing an additional 3,254 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in shares of TTM Technologies in the 2nd quarter valued at approximately $225,000. Institutional investors own 95.79% of the company's stock.

TTM Technologies Trading Down 0.4 %

Shares of NASDAQ:TTMI traded down $0.08 during trading on Tuesday, reaching $18.17. The stock had a trading volume of 302,710 shares, compared to its average volume of 777,049. The firm's fifty day moving average is $18.90 and its 200 day moving average is $17.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 2.04. TTM Technologies, Inc. has a 52 week low of $11.14 and a 52 week high of $22.70. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -912.50 and a beta of 1.26.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. The firm had revenue of $605.10 million for the quarter, compared to the consensus estimate of $582.70 million. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, equities analysts forecast that TTM Technologies, Inc. will post 1.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Dale Martin Knecht sold 20,000 shares of the firm's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $17.40, for a total transaction of $348,000.00. Following the completion of the sale, the senior vice president now owns 81,392 shares in the company, valued at $1,416,220.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Shawn A. Powers sold 7,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 101,741 shares of the company's stock, valued at $2,085,690.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Dale Martin Knecht sold 20,000 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $17.40, for a total transaction of $348,000.00. Following the transaction, the senior vice president now directly owns 81,392 shares of the company's stock, valued at approximately $1,416,220.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,714 shares of company stock worth $1,348,180. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. B. Riley boosted 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. Needham & Company LLC boosted their target price on shares of TTM Technologies from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Truist Financial restated a "buy" rating and issued a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their target price on shares of TTM Technologies from $19.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $24.31.

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.