TTM Technologies, Inc. (NASDAQ:TTMI) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 161.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,127 shares of the technology company’s stock after purchasing an additional 38,324 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of TTM Technologies worth $838,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dark Forest Capital Management LP raised its stake in TTM Technologies by 390.4% during the fourth quarter. Dark Forest Capital Management LP now owns 1,888 shares of the technology company’s stock worth $28,000 after purchasing an additional 1,503 shares during the period. Ameritas Advisory Services LLC purchased a new position in TTM Technologies during the first quarter worth approximately $28,000. Ronald Blue Trust Inc. raised its stake in TTM Technologies by 47.1% during the first quarter. Ronald Blue Trust Inc. now owns 3,449 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,104 shares during the period. Lazard Asset Management LLC purchased a new position in TTM Technologies during the fourth quarter worth approximately $101,000. Finally, Captrust Financial Advisors raised its stake in TTM Technologies by 8.3% during the fourth quarter. Captrust Financial Advisors now owns 11,328 shares of the technology company’s stock worth $171,000 after purchasing an additional 870 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTMI. Truist Financial raised their target price on shares of TTM Technologies from $12.00 to $16.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. TheStreet raised shares of TTM Technologies from a “c+” rating to a “b-” rating in a research note on Tuesday, August 22nd. Needham & Company LLC reissued a “buy” rating and issued a $17.00 target price (up previously from $15.00) on shares of TTM Technologies in a research note on Thursday, August 3rd. Finally, StockNews.com began coverage on shares of TTM Technologies in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, TTM Technologies has an average rating of “Hold” and an average target price of $15.33.

Insider Activity

In other news, EVP Shawn A. Powers sold 10,000 shares of TTM Technologies stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $14.95, for a total value of $149,500.00. Following the completion of the transaction, the executive vice president now directly owns 85,807 shares of the company’s stock, valued at approximately $1,282,814.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, VP Tony Sanchez sold 7,131 shares of TTM Technologies stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $13.43, for a total value of $95,769.33. Following the sale, the vice president now directly owns 23,256 shares in the company, valued at approximately $312,328.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Shawn A. Powers sold 10,000 shares of TTM Technologies stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $14.95, for a total transaction of $149,500.00. Following the completion of the sale, the executive vice president now owns 85,807 shares in the company, valued at $1,282,814.65. The disclosure for this sale can be found here. In the last three months, insiders sold 57,163 shares of company stock valued at $845,908. Company insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

Shares of TTMI stock opened at $14.87 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 30.35 and a beta of 1.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.22 and a quick ratio of 1.91. TTM Technologies, Inc. has a 1-year low of $11.13 and a 1-year high of $17.46. The firm has a fifty day moving average of $14.26 and a two-hundred day moving average of $13.43.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.32 earnings per share 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 company had revenue of $546.51 million during the quarter, compared to analyst estimates of $552.52 million. During the same period last year, the business earned $0.50 EPS. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. As a group, research analysts anticipate that TTM Technologies, Inc. will post 0.92 earnings per share for the current fiscal year.

TTM Technologies 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.