G2 Investment Partners Management LLC Acquires 179,285 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

G2 Investment Partners Management LLC grew its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 221.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,167 shares of the technology company's stock after buying an additional 179,285 shares during the quarter. TTM Technologies makes up approximately 1.7% of G2 Investment Partners Management LLC's portfolio, making the stock its 27th largest position. G2 Investment Partners Management LLC owned approximately 0.26% of TTM Technologies worth $6,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings 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 worth $139,000 after buying an additional 442 shares during the period. GAMMA Investing LLC boosted its holdings in shares of TTM Technologies by 27.7% in the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock worth $51,000 after buying an additional 443 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of TTM Technologies by 3.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock worth $490,000 after buying an additional 602 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of TTM Technologies by 8.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company's stock worth $288,000 after buying an additional 940 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of TTM Technologies by 6.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock worth $423,000 after buying an additional 1,000 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

TTM Technologies Stock Up 2.8%

TTMI stock traded up $0.74 during trading hours on Friday, hitting $26.88. The company's stock had a trading volume of 794,833 shares, compared to its average volume of 762,936. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $2.73 billion, a PE ratio of 49.78 and a beta of 1.20. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $30.41. The stock has a 50 day moving average price of $21.16 and a two-hundred day moving average price of $23.40.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.39 by $0.11. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. 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 previous year, the firm posted $0.28 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities research analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

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

Insider Activity at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 24,792 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the transaction, the chief operating officer now directly owns 157,528 shares in the company, valued at approximately $4,026,415.68. This represents a 13.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the completion of the sale, the executive vice president now owns 95,153 shares in the company, valued at $2,506,330.02. This represents a 13.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,600 shares of company stock worth $1,310,642 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target for the company. B. Riley raised their price target on shares of TTM Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Needham & Company LLC raised their price target on shares of TTM Technologies from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Truist Financial decreased their price target on shares of TTM Technologies from $38.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, May 1st.

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.