XTX Topco Ltd Purchases 1,523 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

XTX Topco Ltd boosted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,108 shares of the technology company’s stock after acquiring an additional 1,523 shares during the quarter. XTX Topco Ltd’s holdings in TTM Technologies were worth $371,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in shares of TTM Technologies by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock valued at $995,000 after buying an additional 600 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in TTM Technologies by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 821 shares during the last quarter. ProShare Advisors LLC boosted its position in TTM Technologies by 5.9% during the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock worth $322,000 after purchasing an additional 1,150 shares during the period. CWM LLC increased 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 last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of TTM Technologies by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,101 shares of the technology company’s stock valued at $956,000 after purchasing an additional 1,358 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Activity

In related news, EVP Shawn A. Powers sold 7,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total value of $143,500.00. Following the transaction, the executive vice president now owns 101,741 shares in the company, valued at $2,085,690.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Dale Martin Knecht sold 20,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $17.40, for a total transaction of $348,000.00. Following the sale, the senior vice president now owns 81,392 shares in the company, valued at approximately $1,416,220.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shawn A. Powers sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the transaction, the executive vice president now owns 101,741 shares of the company’s stock, valued at $2,085,690.50. The disclosure for this sale can be found here. In the last three months, insiders sold 72,714 shares of company stock worth $1,348,180. 1.30% of the stock is currently owned by company insiders.

TTM Technologies Price Performance

Shares of TTM Technologies stock opened at $18.71 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of -935.03 and a beta of 1.26. TTM Technologies, Inc. has a twelve month low of $11.14 and a twelve month high of $22.70. The company has a 50-day simple moving average of $19.02 and a two-hundred day simple moving average of $17.86.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $605.10 million during the quarter, compared to the consensus estimate of $582.70 million. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. Analysts forecast that TTM Technologies, Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TTMI shares. B. Riley lifted 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. Needham & Company LLC boosted their price objective on TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus increased their target price on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial restated a “buy” rating and issued a $24.00 price target (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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.