Quantinno Capital Management LP Increases Stock Position in TTM Technologies, Inc. $TTMI

Quantinno Capital Management LP raised its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 28.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,658 shares of the technology company’s stock after acquiring an additional 3,662 shares during the period. Quantinno Capital Management LP’s holdings in TTM Technologies were worth $1,623,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its position in TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock valued at $32,000 after purchasing an additional 87 shares during the period. Signature Equity Partners LLC acquired a new position in TTM Technologies during the first quarter worth $40,000. Kestra Advisory Services LLC purchased a new position in shares of TTM Technologies during the fourth quarter worth $30,000. Truvestments Capital LLC purchased a new position in shares of TTM Technologies during the fourth quarter worth $30,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of TTM Technologies in the fourth quarter valued at $32,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Daniel J. Weber sold 8,533 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.80, for a total value of $1,790,223.40. Following the sale, the executive vice president owned 86,088 shares of the company’s stock, valued at $18,061,262.40. This trade represents a 9.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas L. Soder sold 8,902 shares of TTM Technologies stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.79, for a total transaction of $1,867,550.58. Following the completion of the transaction, the executive vice president owned 208,245 shares of the company’s stock, valued at $43,687,718.55. This represents a 4.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 108,241 shares of company stock worth $20,911,975. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTMI. Stifel Nicolaus increased their target price on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC boosted their price target on shares of TTM Technologies from $208.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. B. Riley Financial increased their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.25.

TTM Technologies Stock Up 5.6%

Shares of NASDAQ TTMI opened at $138.10 on Thursday. The stock has a market cap of $14.55 billion, a P/E ratio of 62.21 and a beta of 2.14. The business’s fifty day simple moving average is $159.10 and its 200-day simple moving average is $134.75. TTM Technologies, Inc. has a 12-month low of $39.20 and a 12-month high of $223.83. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.89 by $0.10. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. During the same period in the previous year, the firm posted $0.58 EPS. TTM Technologies’s revenue for the quarter was up 37.4% on a year-over-year basis. As a group, equities analysts predict that TTM Technologies, Inc. will post 3.92 EPS for the current fiscal year.

TTM Technologies Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.