GAMMA Investing LLC Purchases 48,906 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

GAMMA Investing LLC lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2,396.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,947 shares of the technology company’s stock after purchasing an additional 48,906 shares during the period. GAMMA Investing LLC owned 0.05% of TTM Technologies worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock worth $35,000 after acquiring an additional 1,220 shares during the period. Sterling Capital Management LLC increased its stake in TTM Technologies by 808.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company’s stock worth $79,000 after acquiring an additional 2,831 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in TTM Technologies during the 4th quarter worth $83,000. Meeder Asset Management Inc. bought a new position in TTM Technologies during the 4th quarter worth $89,000. Finally, Venturi Wealth Management LLC bought a new position in TTM Technologies during the 4th quarter worth $95,000. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of recent research reports. Truist Financial raised their price objective on TTM Technologies from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $40.00 target price (up previously from $33.00) on shares of TTM Technologies in a report on Monday. B. Riley raised their target price on TTM Technologies from $35.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Needham & Company LLC raised their target price on TTM Technologies from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, May 1st.

TTM Technologies Trading Up 4.8%

Shares of TTMI stock opened at $37.09 on Tuesday. The stock’s fifty day moving average price is $26.45 and its two-hundred day moving average price is $24.89. The company has a market cap of $3.77 billion, a PE ratio of 68.69 and a beta of 1.37. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $37.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. The firm had revenue of $648.67 million for the quarter, compared to the consensus estimate of $621.44 million. During the same quarter last year, the business posted $0.28 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. Equities analysts predict that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

TTM Technologies declared that its Board of Directors has initiated a share repurchase plan on Friday, May 9th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 3.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 1,140 shares of TTM Technologies stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $34.00, for a total transaction of $38,760.00. Following the transaction, the senior vice president now directly owns 75,206 shares of the company’s stock, valued at approximately $2,557,004. The trade was a 1.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas L. Soder sold 24,972 shares of TTM Technologies stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $30.00, for a total value of $749,160.00. Following the transaction, the executive vice president now directly owns 173,026 shares in the company, valued at $5,190,780. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,944 shares of company stock valued at $2,235,071 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Company 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.