750,280 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Purchased by Emerald Advisers LLC

Emerald Advisers LLC bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 750,280 shares of the technology company's stock, valued at approximately $13,693,000. Emerald Advisers LLC owned about 0.74% of TTM Technologies at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock worth $29,000 after acquiring an additional 642 shares during the last quarter. CWM LLC grew its holdings in shares of TTM Technologies by 202.6% in the second 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 purchased a new stake in shares of TTM Technologies in the 1st quarter valued at approximately $37,000. Innealta Capital LLC acquired a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $64,000. Finally, EntryPoint Capital LLC raised its position in shares of TTM Technologies by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company's stock valued at $98,000 after buying an additional 3,254 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TTMI shares. B. Riley raised their target price on TTM Technologies from $25.50 to $27.25 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Stifel Nicolaus upped 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. Truist Financial reiterated a "buy" rating and set a $24.00 price target (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Finally, Needham & Company LLC upped their price objective on shares of TTM Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, TTM Technologies currently has a consensus rating of "Buy" and an average target price of $25.31.

TTM Technologies Trading Down 1.6 %

TTM Technologies stock traded down $0.35 during midday trading on Friday, reaching $22.09. 1,434,997 shares of the stock traded hands, compared to its average volume of 647,772. The firm has a market cap of $2.25 billion, a PE ratio of 33.47 and a beta of 1.22. The company has a current ratio of 2.00, a quick ratio of 1.74 and a debt-to-equity ratio of 0.59. The company has a 50-day simple moving average of $18.90 and a two-hundred day simple moving average of $18.73. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $23.61.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. TTM Technologies had a net margin of 2.90% and a return on equity of 8.67%. The business had revenue of $605.10 million during the quarter, compared to analyst estimates of $582.70 million. During the same quarter last year, the firm posted $0.28 earnings per share. The business's revenue for the quarter was up 10.7% compared to the same quarter last year. Research analysts expect that TTM Technologies, Inc. will post 1.31 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In related news, SVP Dale Martin Knecht sold 20,000 shares of the firm'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 value of $348,000.00. Following the sale, the senior vice president now owns 81,392 shares of the company's stock, valued at $1,416,220.80. 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 is available through this hyperlink. In other TTM Technologies news, EVP Daniel J. Weber sold 13,000 shares of the company's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $18.50, for a total value of $240,500.00. Following the completion of the transaction, the executive vice president now owns 107,488 shares in the company, valued at $1,988,528. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 20,000 shares of the firm's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $17.40, for a total value of $348,000.00. Following the transaction, the senior vice president now directly owns 81,392 shares in the company, valued at approximately $1,416,220.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,000 shares of company stock valued at $1,153,900. 1.30% of the stock is currently owned by company insiders.

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.