Lisanti Capital Growth LLC Raises Holdings in TTM Technologies, Inc. $TTMI

Lisanti Capital Growth LLC boosted its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 142.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,107 shares of the technology company’s stock after buying an additional 54,072 shares during the quarter. TTM Technologies makes up about 1.3% of Lisanti Capital Growth LLC’s holdings, making the stock its 29th biggest position. Lisanti Capital Growth LLC owned about 0.09% of TTM Technologies worth $5,305,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in shares of TTM Technologies in the third quarter valued at $39,000. Federated Hermes Inc. acquired a new position in TTM Technologies in the 3rd quarter valued at about $60,000. Concord Wealth Partners purchased a new position in TTM Technologies in the 2nd quarter valued at about $47,000. EverSource Wealth Advisors LLC boosted its stake in shares of TTM Technologies by 52.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,244 shares of the technology company’s stock worth $51,000 after purchasing an additional 430 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of TTM Technologies during the third quarter worth about $81,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling

In other TTM Technologies news, Director Julie Spicer England sold 3,784 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $63.34, for a total transaction of $239,678.56. Following the transaction, the director owned 106,541 shares in the company, valued at $6,748,306.94. The trade was a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John G. Mayer sold 9,167 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $68.13, for a total value of $624,547.71. Following the completion of the sale, the director owned 165,140 shares of the company’s stock, valued at approximately $11,250,988.20. This trade represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 36,870 shares of company stock valued at $2,520,245 over the last ninety days. Insiders own 1.30% of the company’s stock.

TTM Technologies Stock Up 1.8%

Shares of NASDAQ:TTMI opened at $98.20 on Friday. The stock has a 50-day simple moving average of $78.24 and a 200-day simple moving average of $61.68. The stock has a market capitalization of $10.15 billion, a P/E ratio of 77.94 and a beta of 1.74. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $106.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.66 and a current ratio of 1.94.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. TTM Technologies had a net margin of 4.74% and a return on equity of 13.21%. The firm had revenue of $752.74 million for the quarter, compared to analysts’ expectations of $711.91 million. During the same period in the previous year, the company posted $0.41 earnings per share. TTM Technologies’s revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

TTMI has been the subject of several recent analyst reports. Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Needham & Company LLC lifted their price objective on TTM Technologies from $79.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. B. Riley upped their target price on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TTM Technologies in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $99.00.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.