72,933 Shares in TTM Technologies, Inc. $TTMI Acquired by Fund 1 Investments LLC

Key Points

• Fund 1 Investments LLC acquired 72,933 shares of TTM Technologies valued at approximately $13.64 million, representing a 0.07% stake and 2.3% of the fund’s portfolio. Institutional investors collectively own 95.79% of the company.
• TTM Technologies reported quarterly EPS of $0.99, beating estimates by $0.10, while revenue reached $1 billion—up 37.4% year over year. Analysts expect full-year EPS of approximately $4.26.
• Analysts maintain a consensus “Buy” rating with an average price target of $214.25, though insider activity was mixed: the CEO bought 10,000 shares, while insiders sold 108,241 shares worth about $20.9 million over the past three months.

Fund 1 Investments LLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 72,933 shares of the technology company's stock, valued at approximately $13,640,000. TTM Technologies makes up 2.3% of Fund 1 Investments LLC's holdings, making the stock its 13th largest position. Fund 1 Investments LLC owned 0.07% of TTM Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Harbor Investment Advisory LLC bought a new position in shares of TTM Technologies in the 2nd quarter valued at $29,000. Kestra Advisory Services LLC acquired a new stake in shares of TTM Technologies during the 4th quarter valued at $30,000. Truvestments Capital LLC acquired a new stake in shares of TTM Technologies during the 4th quarter valued at $30,000. GoalVest Advisory LLC grew its position in TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company's stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in TTM Technologies by 36.2% during the 1st quarter. Parallel Advisors LLC now owns 327 shares of the technology company's stock worth $32,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

TTM Technologies Trading Up 8.8%

TTMI opened at $125.60 on Friday. TTM Technologies, Inc. has a twelve month low of $45.73 and a twelve month high of $223.83. The company has a fifty day moving average of $133.42 and a 200-day moving average of $137.44. The stock has a market cap of $13.23 billion, a PE ratio of 56.58 and a beta of 2.15. The company has a quick ratio of 1.54, a current ratio of 1.78 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.10. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. TTM Technologies's revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, sell-side analysts predict that TTM Technologies, Inc. will post 4.26 EPS for the current year.

Analysts Set New Price Targets

TTMI has been the subject of several research reports. B. Riley Financial increased their target price on TTM Technologies from $182.00 to $208.00 and gave the company a "buy" rating in a research report on Thursday, May 28th. Truist Financial boosted their price target on TTM Technologies from $215.00 to $224.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Wall Street Zen downgraded TTM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 30th. Weiss Ratings lowered shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. Finally, Stifel Nicolaus raised their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, TTM Technologies currently has a consensus rating of "Buy" and an average target price of $214.25.

Insider Buying and Selling

In related news, EVP Shawn A. Powers sold 9,856 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total transaction of $2,067,788.80. Following the completion of the sale, the executive vice president owned 119,268 shares of the company's stock, valued at $25,022,426.40. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Edwin Roks bought 10,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the completion of the acquisition, the chief executive officer owned 64,814 shares of the company's stock, valued at $7,244,260.78. This represents a 18.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 108,241 shares of company stock worth $20,911,975 over the last three months. Insiders own 1.30% of the company's stock.

TTM Technologies 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.

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