Cwm LLC Purchases 567 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Cwm LLC grew its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 14.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,501 shares of the technology company’s stock after buying an additional 567 shares during the quarter. Cwm LLC’s holdings in TTM Technologies were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock valued at $48,454,000 after purchasing an additional 1,648,017 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in TTM Technologies by 50.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company’s stock valued at $37,971,000 after buying an additional 515,015 shares during the last quarter. Emerald Advisers LLC increased its stake in shares of TTM Technologies by 34.3% in the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company’s stock valued at $29,533,000 after buying an additional 367,798 shares during the period. Portolan Capital Management LLC increased its stake in shares of TTM Technologies by 22.6% in the 4th quarter. Portolan Capital Management LLC now owns 1,301,342 shares of the technology company’s stock valued at $32,208,000 after buying an additional 239,972 shares during the period. Finally, Northern Trust Corp raised its position in shares of TTM Technologies by 7.8% during the fourth quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company’s stock worth $28,700,000 after acquiring an additional 84,137 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TTMI. Stifel Nicolaus boosted their price objective on TTM Technologies from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 5th. Needham & Company LLC lifted their target price on shares of TTM Technologies from $43.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday. B. Riley upped their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Finally, Truist Financial raised their price target on TTM Technologies from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $52.25.

Insider Buying and Selling

In related news, insider Tom Clapprood sold 10,000 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $29.50, for a total transaction of $295,000.00. Following the sale, the insider directly owned 34,037 shares in the company, valued at $1,004,091.50. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 7,487 shares of the business’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $39.01, for a total transaction of $292,067.87. Following the completion of the sale, the senior vice president directly owned 59,947 shares in the company, valued at $2,338,532.47. This represents a 11.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,226 shares of company stock valued at $3,504,492. 1.30% of the stock is owned by company insiders.

TTM Technologies Trading Down 3.0%

TTMI opened at $47.25 on Friday. The firm’s fifty day moving average is $39.40 and its two-hundred day moving average is $28.96. The firm has a market cap of $4.80 billion, a PE ratio of 52.50 and a beta of 1.46. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $51.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.07.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.11. The business had revenue of $648.67 million during the quarter, compared to analysts’ expectations of $621.44 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.93%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. Equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies announced that its Board of Directors has approved a share repurchase plan on Friday, May 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

About TTM Technologies

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.