TTM Technologies, Inc. $TTMI Shares Newly Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,356 shares of the technology company's stock, valued at approximately $3,728,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in TTM Technologies during the 2nd quarter worth approximately $2,053,347,000. Wellington Management Group LLP boosted its position in shares of TTM Technologies by 61.9% in the second quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company's stock worth $424,237,000 after buying an additional 867,255 shares during the period. Atalan Capital Partners LP acquired a new stake in shares of TTM Technologies in the second quarter worth $189,234,000. Allspring Global Investments Holdings LLC grew its holdings in shares of TTM Technologies by 40.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 768,992 shares of the technology company's stock valued at $97,277,000 after buying an additional 221,426 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of TTM Technologies by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 715,543 shares of the technology company's stock valued at $69,708,000 after buying an additional 11,610 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $75.33 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71. TTM Technologies, Inc. has a 1 year low of $55.44 and a 1 year high of $223.83. The business has a fifty day simple moving average of $108.10 and a 200 day simple moving average of $126.78. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 30.01 and a beta of 2.25.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.21. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The business's revenue was up 59.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. As a group, sell-side analysts predict that TTM Technologies, Inc. will post 4.36 earnings per share for the current fiscal year.

Insider Activity

In other TTM Technologies news, Director Philip G. Franklin purchased 5,000 shares of the business's stock in a transaction dated Thursday, November 5th. The shares were acquired at an average price of $61.92 per share, for a total transaction of $309,600.00. Following the acquisition, the director owned 161,725 shares of the company's stock, valued at $10,014,012. This trade represents a 3.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Edwin Roks acquired 10,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the purchase, the chief executive officer owned 64,814 shares in the company, valued at $7,244,260.78. The trade was a 18.24% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 40,000 shares of company stock worth $3,401,650. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTMI. Weiss Ratings downgraded TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Stifel Nicolaus lowered their target price on TTM Technologies from $205.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, October 23rd. Truist Financial dropped their target price on TTM Technologies from $231.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. Zacks Research downgraded TTM Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, Wall Street Zen lowered shares of TTM Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, November 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TTM Technologies presently has an average rating of "Moderate Buy" and an average price target of $173.25.

About TTM Technologies

TTM Technologies, Inc designs and manufactures printed circuit boards (PCBs) and radio-frequency (RF) and microwave components and assemblies. Its products support the development and operation of electronic systems used in communications, data infrastructure, aerospace and defense, automotive, medical, and industrial applications.

The company provides engineering and manufacturing services, including PCB design support, prototyping, and production. TTM serves customers around the world through operations in North America and Asia.

Founded in 1998, TTM Technologies is headquartered in Santa Ana, California.

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