Boothbay Fund Management LLC Buys 29,729 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Boothbay Fund Management LLC lifted its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 131.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,398 shares of the technology company's stock after purchasing an additional 29,729 shares during the period. Boothbay Fund Management LLC owned about 0.05% of TTM Technologies worth $1,297,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TTMI. USA Financial Formulas bought a new stake in TTM Technologies in the 4th quarter worth $25,000. Smartleaf Asset Management LLC grew its stake in shares of TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after purchasing an additional 1,220 shares during the last quarter. GAMMA Investing LLC increased its holdings in TTM Technologies by 27.7% during the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock valued at $51,000 after purchasing an additional 443 shares during the period. Sterling Capital Management LLC raised its position 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 valued at $79,000 after purchasing an additional 2,831 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in TTM Technologies in the 4th quarter worth approximately $83,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TTMI. Truist Financial reduced their target price on TTM Technologies from $38.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday. B. Riley boosted their price objective on shares of TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday. Stifel Nicolaus started coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price for the company. Finally, Needham & Company LLC boosted their price target on shares of TTM Technologies from $33.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday.

TTM Technologies Stock Up 16.6 %

TTMI stock traded up $3.33 during midday trading on Thursday, hitting $23.35. The stock had a trading volume of 2,127,040 shares, compared to its average volume of 765,265. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 43.24 and a beta of 1.17. The business has a 50-day moving average of $20.93 and a two-hundred day moving average of $23.09. TTM Technologies, Inc. has a 52-week low of $15.62 and a 52-week high of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The company had revenue of $648.67 million during the quarter, compared to analyst estimates of $621.44 million. During the same period last year, the business earned $0.28 EPS. TTM Technologies's quarterly revenue was up 13.8% compared to the same quarter last year. As a group, equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the sale, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of TTM Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the transaction, the executive vice president now directly owns 95,153 shares of the company's stock, valued at $2,506,330.02. This trade represents a 13.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,817 shares of company stock valued at $1,316,006. Insiders own 1.30% of the company's stock.

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.