Jackson Creek Investment Advisors LLC Sells 25,195 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas raised its position in shares of TTM Technologies by 119.1% in the first quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock valued at $46,000 after buying an additional 1,216 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of TTM Technologies by 808.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after buying an additional 2,831 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of TTM Technologies in the fourth quarter valued at approximately $89,000. CWM LLC raised its position in shares of TTM Technologies by 14.4% in the first quarter. CWM LLC now owns 4,501 shares of the technology company's stock valued at $92,000 after buying an additional 567 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of TTM Technologies by 8.5% in the fourth quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock valued at $139,000 after buying an additional 442 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI traded up $2.46 during trading on Monday, hitting $47.49. 1,449,480 shares of the company were exchanged, compared to its average volume of 916,123. The business's 50 day moving average is $36.29 and its 200-day moving average is $27.65. The company has a market capitalization of $4.83 billion, a P/E ratio of 63.40 and a beta of 1.46. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $47.63.

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, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 3.09% and a return on equity of 10.75%. The company 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 business earned $0.28 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies announced that its Board of Directors has approved a share buyback plan on Friday, May 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 3.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have commented on TTMI shares. Truist Financial boosted their price objective 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. Stifel Nicolaus restated a "buy" rating and set a $40.00 price objective (up from $33.00) on shares of TTM Technologies in a research report on Monday, June 16th. Wall Street Zen downgraded shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. B. Riley boosted their price objective on shares of TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Needham & Company LLC boosted their price objective 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, TTM Technologies presently has a consensus rating of "Buy" and an average target price of $45.25.

Insider Buying and Selling

In related news, EVP Daniel J. Weber sold 20,170 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $29.51, for a total value of $595,216.70. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Douglas L. Soder sold 24,972 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $30.00, for a total transaction of $749,160.00. Following the completion of the sale, the executive vice president directly owned 173,026 shares in the company, valued at approximately $5,190,780. This represents a 12.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,226 shares of company stock valued at $3,504,492 over the last quarter. 1.30% of the stock is currently owned by company 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.