Balance Capital Partners L.P. Makes New Investment in TTM Technologies, Inc. $TTMI

Balance Capital Partners L.P. bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,000 shares of the technology company's stock, valued at approximately $2,431,260. TTM Technologies makes up approximately 0.0% of Balance Capital Partners L.P.'s portfolio, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new position in TTM Technologies during the second quarter worth about $29,000. Kestra Advisory Services LLC bought a new position in TTM Technologies during the fourth quarter worth about $30,000. Truvestments Capital LLC bought a new position in TTM Technologies during the fourth quarter worth about $30,000. GoalVest Advisory LLC lifted its holdings in TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company's stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in TTM Technologies by 36.3% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company's stock worth $32,000 after acquiring an additional 87 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TTM Technologies

In related news, CEO Edwin Roks bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The shares were acquired at an average price of $111.77 per share, for a total transaction 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 approximately $7,244,260.78. The trade was a 18.24% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Shawn A. Powers sold 3,367 shares of the company's stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $703,500.98. Following the sale, the executive vice president owned 120,801 shares in the company, valued at $25,240,160.94. The trade was a 2.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,241 shares of company stock valued at $20,911,975 in the last ninety days. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TTMI. Truist Financial lifted their target price on TTM Technologies from $215.00 to $224.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Stifel Nicolaus lifted their target price on TTM Technologies from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, May 28th. Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 22nd. B. Riley Financial boosted their price target on TTM Technologies from $182.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded TTM Technologies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, TTM Technologies presently has a consensus rating of "Buy" and a consensus target price of $214.25.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $118.65 on Friday. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 53.45 and a beta of 2.14. The stock's 50-day moving average is $142.53 and its 200-day moving average is $136.58. TTM Technologies, Inc. has a one year low of $42.69 and a one year high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54.

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

About TTM Technologies

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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