TTM Technologies, Inc. $TTMI Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,843,126 shares of the technology company’s stock after selling 106,170 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.81% of TTM Technologies worth $37,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of TTMI. USA Financial Formulas raised its holdings in shares of TTM Technologies by 119.1% in the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company’s stock valued at $46,000 after buying an additional 1,216 shares during the period. Sterling Capital Management LLC raised its holdings in shares of TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company’s stock valued at $79,000 after buying an additional 2,831 shares during the period. CWM LLC raised its holdings in shares of TTM Technologies by 14.4% in the 1st quarter. CWM LLC now owns 4,501 shares of the technology company’s stock valued at $92,000 after buying an additional 567 shares during the period. State of Wyoming raised its holdings in shares of TTM Technologies by 103.3% in the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company’s stock valued at $141,000 after buying an additional 2,900 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of TTM Technologies by 227.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,295 shares of the technology company’s stock valued at $150,000 after buying an additional 5,064 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Trading Up 0.0%

TTMI opened at $41.82 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.72 and a current ratio of 2.03. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $51.15. The company has a market cap of $4.32 billion, a P/E ratio of 46.47 and a beta of 1.48. The business’s 50-day simple moving average is $42.48 and its 200-day simple moving average is $30.57.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.06. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%. The business had revenue of $730.62 million for the quarter, compared to analyst estimates of $668.42 million. During the same quarter last year, the company earned $0.39 EPS. The business’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other news, insider Tom Clapprood sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total transaction of $670,200.00. Following the sale, the insider owned 23,531 shares of the company’s stock, valued at approximately $1,051,365.08. This trade represents a 38.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Spoto sold 3,484 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $46.58, for a total value of $162,284.72. Following the sale, the insider directly owned 28,649 shares in the company, valued at $1,334,470.42. This trade represents a 10.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,568 shares of company stock worth $2,697,400 over the last 90 days. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TTMI. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price objective on shares of TTM Technologies in a report on Friday. Wall Street Zen raised TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Stifel Nicolaus increased their price target on TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. B. Riley increased their price target on 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 increased their price target on TTM Technologies from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TTM Technologies presently has an average rating of “Buy” and a consensus target price of $52.25.

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.