SG Americas Securities LLC Makes New Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

SG Americas Securities LLC purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 64,355 shares of the technology company's stock, valued at approximately $1,174,000. SG Americas Securities LLC owned about 0.06% of TTM Technologies at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CWM LLC raised its holdings in TTM Technologies by 202.6% during the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company's stock worth $36,000 after buying an additional 1,244 shares during the period. Headlands Technologies LLC acquired a new position in shares of TTM Technologies in the first quarter worth $37,000. Innealta Capital LLC purchased a new stake in shares of TTM Technologies during the second quarter worth $64,000. EntryPoint Capital LLC boosted its position in TTM Technologies by 108.1% during the first 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 last quarter. Finally, Mackenzie Financial Corp purchased a new position in TTM Technologies in the second quarter valued at about $225,000. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Stock Performance

TTMI traded down $0.09 on Thursday, hitting $18.55. 467,609 shares of the stock traded hands, compared to its average volume of 766,291. The business has a fifty day moving average price of $18.49 and a two-hundred day moving average price of $18.14. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.89 billion, a PE ratio of -927.50 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.

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

Insider Buying and Selling

In other TTM Technologies news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction on 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 directly owns 101,741 shares of the company's stock, valued at approximately $2,085,690.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Shawn A. Powers sold 7,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total transaction of $143,500.00. Following the sale, the executive vice president now directly owns 101,741 shares in the company, valued at $2,085,690.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 10,000 shares of the firm's stock in a transaction on Monday, August 5th. The shares were 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 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. Insiders sold 63,000 shares of company stock valued at $1,153,900 over the last quarter. Corporate insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on TTM Technologies from $21.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, August 1st. B. Riley boosted their price objective on TTM Technologies from $25.50 to $27.25 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Stifel Nicolaus raised their target price on TTM Technologies from $19.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Truist Financial reiterated a "buy" rating and set a $24.00 price target (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, TTM Technologies presently has an average rating of "Buy" and an average target price 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.