State of Alaska Department of Revenue lessened its position in TTM Technologies, Inc. (NASDAQ:TTMI – Free Report) by 3.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 67,499 shares of the technology company’s stock after selling 2,490 shares during the period. State of Alaska Department of Revenue owned approximately 0.07% of TTM Technologies worth $938,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in shares of TTM Technologies in the first quarter valued at about $28,000. Ronald Blue Trust Inc. lifted its stake in shares of TTM Technologies by 47.1% in the first quarter. Ronald Blue Trust Inc. now owns 3,449 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,104 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of TTM Technologies in the fourth quarter valued at about $101,000. Captrust Financial Advisors lifted its stake in shares of TTM Technologies by 8.3% in the fourth quarter. Captrust Financial Advisors now owns 11,328 shares of the technology company’s stock valued at $171,000 after purchasing an additional 870 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in shares of TTM Technologies in the third quarter valued at about $165,000. Institutional investors and hedge funds own 96.87% of the company’s stock.
Insider Buying and Selling at TTM Technologies
In other TTM Technologies news, EVP Daniel J. Weber sold 16,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $14.91, for a total transaction of $238,560.00. Following the transaction, the executive vice president now directly owns 92,598 shares of the company’s stock, valued at $1,380,636.18. The sale was disclosed in a filing with the SEC, which is available at this link. In other TTM Technologies news, EVP Daniel J. Weber sold 16,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $14.91, for a total transaction of $238,560.00. Following the transaction, the executive vice president now directly owns 92,598 shares of the company’s stock, valued at $1,380,636.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Dale Martin Knecht sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $15.09, for a total transaction of $301,800.00. Following the completion of the transaction, the senior vice president now owns 90,684 shares of the company’s stock, valued at $1,368,421.56. The disclosure for this sale can be found here. Insiders have sold a total of 50,032 shares of company stock valued at $750,138 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.
TTM Technologies Price Performance
TTM Technologies (NASDAQ:TTMI – Get Free Report) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.12. TTM Technologies had a net margin of 2.12% and a return on equity of 8.78%. The business had revenue of $546.51 million for the quarter, compared to analysts’ expectations of $552.52 million. During the same period last year, the company earned $0.50 earnings per share. The company’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, sell-side analysts expect that TTM Technologies, Inc. will post 0.92 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of TTM Technologies in a report on Thursday, October 5th. They set a “hold” rating for the company. TheStreet downgraded shares of TTM Technologies from a “b-” rating to a “c” rating in a report on Wednesday, September 20th. Needham & Company LLC restated a “buy” rating and set a $17.00 target price (up from $15.00) on shares of TTM Technologies in a report on Thursday, August 3rd. Finally, Truist Financial lifted their price target on shares of TTM Technologies from $12.00 to $16.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.33.
View Our Latest Stock Analysis on TTMI
TTM Technologies Company Profile
TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale engineered 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.
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