TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust grew its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 52.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 886,701 shares of the technology company's stock after purchasing an additional 304,176 shares during the quarter. TTM Technologies makes up about 1.3% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 25th biggest position. Emerald Mutual Fund Advisers Trust owned 0.87% of TTM Technologies worth $18,186,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TTMI. USA Financial Formulas lifted its stake in shares of TTM Technologies by 119.1% during the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock worth $46,000 after purchasing an additional 1,216 shares during the period. Sterling Capital Management LLC lifted its stake in shares of TTM Technologies by 808.9% during the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after purchasing an additional 2,831 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of TTM Technologies during the 4th quarter worth $89,000. Quadrant Capital Group LLC lifted its stake in shares of TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock worth $139,000 after purchasing an additional 442 shares during the period. Finally, State of Wyoming lifted its stake in shares of TTM Technologies by 103.3% during the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock worth $141,000 after purchasing an additional 2,900 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Trading Up 0.5%

Shares of TTMI traded up $0.23 during trading hours on Friday, hitting $44.11. The stock had a trading volume of 1,091,848 shares, compared to its average volume of 890,637. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.07. The firm has a market cap of $4.48 billion, a P/E ratio of 58.81 and a beta of 1.46. The company's fifty day simple moving average is $34.33 and its 200 day simple moving average is $26.91. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $45.00.

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

TTM Technologies announced that its Board of Directors has authorized a stock repurchase plan on Friday, May 9th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 3.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TTMI. Wall Street Zen lowered TTM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Needham & Company LLC increased their target price on TTM Technologies from $35.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $40.00 target price (up from $33.00) on shares of TTM Technologies in a research report on Monday, June 16th. Truist Financial increased their target price on TTM Technologies from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, B. Riley increased their target price on TTM Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, TTM Technologies currently has an average rating of "Buy" and a consensus target price of $41.75.

Insider Transactions at TTM Technologies

In other news, COO Philip Titterton sold 23,486 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $36.39, for a total transaction of $854,655.54. Following the completion of the sale, the chief operating officer directly owned 123,338 shares in the company, valued at $4,488,269.82. This trade represents a 16.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 7,487 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were 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 $2,338,532.47. This represents a 11.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,226 shares of company stock worth $3,504,492 in the last quarter. 1.30% of the stock is owned by corporate insiders.

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.