AQR Capital Management LLC Trims Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

AQR Capital Management LLC trimmed its stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 18.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,189 shares of the technology company's stock after selling 52,811 shares during the period. AQR Capital Management LLC owned about 0.23% of TTM Technologies worth $4,531,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTMI. CWM LLC lifted its position in TTM Technologies by 202.6% during 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 shares of TTM Technologies in the 1st quarter valued at $37,000. Innealta Capital LLC acquired a new stake in TTM Technologies during the 2nd quarter worth $64,000. EntryPoint Capital LLC lifted its holdings in TTM Technologies by 108.1% during the first quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company's stock worth $98,000 after acquiring an additional 3,254 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in TTM Technologies in the first quarter valued at about $266,000. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Trading Up 1.6 %

Shares of TTM Technologies stock traded up $0.29 during trading on Friday, hitting $18.35. The company's stock had a trading volume of 326,517 shares, compared to its average volume of 938,767. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -917.50 and a beta of 1.25. TTM Technologies, Inc. has a 52 week low of $11.14 and a 52 week high of $22.70. The stock has a 50-day moving average price of $18.63 and a two-hundred day moving average price of $18.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.74.

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

Analyst Ratings Changes

TTMI has been the topic of several research analyst reports. B. Riley raised their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a "buy" rating in a report on Thursday, August 1st. Truist Financial reissued a "buy" rating and issued a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Needham & Company LLC upped their price objective on TTM Technologies from $21.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus increased their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $24.31.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 10,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.49, for a total value of $174,900.00. Following the completion of the sale, the executive vice president now directly owns 120,296 shares in the company, valued at approximately $2,103,977.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other TTM Technologies news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction dated Friday, August 23rd. The stock was 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 in the company, valued at approximately $2,085,690.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Catherine A. Gridley sold 10,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.49, for a total value of $174,900.00. Following the completion of the sale, the executive vice president now directly owns 120,296 shares of the company's stock, valued at approximately $2,103,977.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,000 shares of company stock valued at $1,153,900. 1.30% of the stock is currently owned by insiders.

TTM Technologies Company 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.