TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC decreased its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 71.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,272 shares of the technology company's stock after selling 8,073 shares during the period. Larson Financial Group LLC's holdings in TTM Technologies were worth $67,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Edgestream Partners L.P. bought a new stake in shares of TTM Technologies during the 1st quarter worth about $1,899,000. CWM LLC boosted its stake in TTM Technologies by 14.4% in the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after purchasing an additional 567 shares during the period. Emerald Advisers LLC grew its holdings in TTM Technologies by 34.3% in the 1st quarter. Emerald Advisers LLC now owns 1,439,931 shares of the technology company's stock valued at $29,533,000 after buying an additional 367,798 shares in the last quarter. New York State Common Retirement Fund increased its position in TTM Technologies by 16.5% during the first quarter. New York State Common Retirement Fund now owns 80,989 shares of the technology company's stock worth $1,661,000 after acquiring an additional 11,500 shares during the period. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of TTM Technologies by 52.2% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 886,701 shares of the technology company's stock valued at $18,186,000 after buying an additional 304,176 shares during the period. Institutional investors own 95.79% of the company's stock.

Insider Buying and Selling

In other news, EVP Daniel J. Weber sold 20,170 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $29.51, for a total value of $595,216.70. Following the completion of the transaction, the executive vice president directly owned 74,983 shares of the company's stock, valued at $2,212,748.33. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 7,487 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $39.01, for a total value of $292,067.87. Following the sale, the senior vice president owned 59,947 shares of the company's stock, valued at approximately $2,338,532.47. The trade was a 11.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,226 shares of company stock valued at $3,504,492 in the last quarter. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Price Performance

NASDAQ:TTMI traded down $2.43 during trading hours on Tuesday, reaching $45.04. 3,269,356 shares of the company were exchanged, compared to its average volume of 942,196. The company has a current ratio of 2.07, a quick ratio of 1.75 and a debt-to-equity ratio of 0.58. The stock's 50-day moving average is $36.29 and its 200-day moving average is $27.65. The firm has a market cap of $4.58 billion, a PE ratio of 60.05 and a beta of 1.46. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $48.59.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. The business had revenue of $648.67 million for the quarter, compared to analyst estimates of $621.44 million. TTM Technologies had a return on equity of 10.75% and a net margin of 3.09%. The company's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 EPS. On average, sell-side analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies announced that its Board of Directors has authorized a stock buyback program on Friday, May 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TTMI shares. Truist Financial raised their price target on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, July 7th. B. Riley upped their price target on TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Stifel Nicolaus restated a "buy" rating and set a $40.00 price target (up previously from $33.00) on shares of TTM Technologies in a research report on Monday, June 16th. Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Finally, Needham & Company LLC raised their price target on shares of TTM Technologies from $35.00 to $43.00 and gave the company a "buy" rating in a report on Friday, June 20th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $45.25.

About TTM Technologies

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.