California State Teachers Retirement System Has $21.96 Million Stock Holdings in TTM Technologies, Inc. $TTMI

California State Teachers Retirement System trimmed its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,445 shares of the technology company's stock after selling 2,288 shares during the quarter. California State Teachers Retirement System owned 0.11% of TTM Technologies worth $21,964,564 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TTMI. Harbor Investment Advisory LLC bought a new position in shares of TTM Technologies during the 2nd quarter valued at about $29,000. GoalVest Advisory LLC increased its stake in shares of TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company's stock valued at $31,000 after buying an additional 137 shares during the period. Manning & Napier Advisors LLC purchased a new stake in TTM Technologies in the second quarter valued at $47,000. Persistent Asset Partners Ltd purchased a new stake in shares of TTM Technologies during the second quarter worth $49,000. Finally, Parallel Advisors LLC increased its stake 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 buying an additional 87 shares during the period. Institutional investors own 95.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TTMI shares. Stifel Nicolaus raised their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Weiss Ratings lowered shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 25th. 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. Truist Financial boosted their price objective on shares of TTM Technologies from $215.00 to $224.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price target on shares of TTM Technologies in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $214.25.

TTM Technologies Price Performance

TTMI traded down $2.97 during midday trading on Tuesday, hitting $110.25. 745,368 shares of the company traded hands, compared to its average volume of 2,577,816. TTM Technologies, Inc. has a 52-week low of $47.88 and a 52-week high of $223.83. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 49.66 and a beta of 2.15. The business has a 50 day simple moving average of $127.94 and a two-hundred day simple moving average of $138.71.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly 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 firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $962.04 million. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The firm's revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. On average, equities analysts forecast that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Dale Knecht sold 26,198 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the transaction, the senior vice president directly owned 40,138 shares of the company's stock, valued at $5,699,596. The trade was a 39.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas Soder sold 2,874 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $600,493.56. Following the completion of the transaction, the executive vice president owned 210,634 shares of the company's stock, valued at approximately $44,009,867.96. This represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 108,241 shares of company stock worth $20,911,975. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Profile

TTM Technologies, Inc NASDAQ: TTMI is a global manufacturer of technology solutions for electronic devices and systems. The company primarily produces printed circuit boards (PCBs), including high-density interconnect, flexible and rigid-flex boards, radio-frequency and microwave circuits, and other advanced PCB technologies.

TTM also provides engineering, prototype development, testing and assembly services that support the design and production of electronic products. Its solutions are used in aerospace and defense, data center computing, automotive, medical, industrial, instrumentation and other communications-related applications.

The company serves customers through manufacturing and engineering operations in North America and Asia.

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