Jackson Creek Investment Advisors LLC Trims Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Jackson Creek Investment Advisors LLC reduced its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 29.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 59,492 shares of the technology company's stock after selling 25,195 shares during the period. Jackson Creek Investment Advisors LLC owned about 0.06% of TTM Technologies worth $1,220,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TTMI. Quadrant Capital Group LLC boosted its holdings 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 buying an additional 442 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TTM Technologies by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,949 shares of the technology company's stock worth $345,000 after buying an additional 555 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of TTM Technologies by 0.5% during the 1st quarter. New York State Teachers Retirement System now owns 110,577 shares of the technology company's stock worth $2,268,000 after buying an additional 567 shares during the period. CWM LLC boosted its holdings in shares of TTM Technologies by 14.4% during the 1st quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after buying an additional 567 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in TTM Technologies by 3.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock valued at $490,000 after purchasing an additional 602 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTMI. Wall Street Zen cut shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Needham & Company LLC boosted their target price on shares of TTM Technologies from $35.00 to $43.00 and gave the company a "buy" rating in a research report on Friday, June 20th. B. Riley boosted their target price on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday. Truist Financial boosted their target price on shares of TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Stifel Nicolaus restated 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. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $45.25.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Douglas L. Soder sold 24,972 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $30.00, for a total transaction of $749,160.00. Following the transaction, the executive vice president directly owned 173,026 shares of the company's stock, valued at approximately $5,190,780. The trade was a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Philip Titterton sold 23,486 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $36.39, for a total transaction of $854,655.54. Following the sale, the chief operating officer directly owned 123,338 shares in the company, valued at approximately $4,488,269.82. The trade was a 16.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,226 shares of company stock worth $3,504,492. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Stock Performance

NASDAQ TTMI traded down $1.19 during trading hours on Friday, reaching $45.03. 2,968,928 shares of the company were exchanged, compared to its average volume of 913,382. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $47.63. The business's 50 day simple moving average is $36.29 and its 200-day simple moving average is $27.63. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $4.58 billion, a P/E ratio of 60.04 and a beta of 1.46.

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

TTM Technologies declared that its board has approved a share 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 purchase up to 3.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.