22,300 Shares of TTM Technologies, Inc. $TTMI Bought by Maxi Investments CY Ltd

Maxi Investments CY Ltd acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,300 shares of the technology company’s stock, valued at approximately $2,739,000.

Several other hedge funds have also recently bought and sold shares of TTMI. Harbor Investment Advisory LLC bought a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $29,000. GoalVest Advisory LLC increased its stake in TTM Technologies by 456.7% in the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock valued at $31,000 after acquiring an additional 137 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in TTM Technologies during the second quarter valued at approximately $47,000. Root Financial Partners LLC acquired a new position in TTM Technologies during the third quarter valued at approximately $31,000. Finally, Persistent Asset Partners Ltd acquired a new position in TTM Technologies during the second quarter valued at approximately $49,000. 95.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Needham & Company LLC decreased their price target on TTM Technologies from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus lowered their price target on TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a report on Friday. Truist Financial dropped their price objective on TTM Technologies from $231.00 to $170.00 and set a “buy” rating for the company in a research report on Friday. Finally, Zacks Research lowered TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.25.

TTM Technologies Price Performance

TTMI stock opened at $85.50 on Tuesday. The company has a 50 day simple moving average of $116.27 and a 200 day simple moving average of $127.26. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 34.06 and a beta of 2.14. TTM Technologies, Inc. has a 1 year low of $55.44 and a 1 year high of $223.83. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.67 and a quick ratio of 1.49.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was up 59.9% on a year-over-year basis. Research analysts anticipate that TTM Technologies, Inc. will post 4.22 EPS for the current fiscal year.

Key TTM Technologies News

Here are the key news stories impacting TTM Technologies this week:

• Positive Sentiment: Record results and raised outlook: TTM reported third-quarter revenue of approximately $1.2 billion, up 60% year over year, with record adjusted EBITDA and non-GAAP earnings. Management forecast fourth-quarter revenue of $1.42 billion to $1.44 billion and non-GAAP EPS of $1.77 to $1.83. The company also cited a 2.13 book-to-bill ratio and a $2.0 billion aerospace and defense backlog, suggesting strong demand visibility. TTM Technologies Jumps as Investors Reassess Strong Q3 Beat and Outlook
• Positive Sentiment: AI and defense expansion: TTM is positioning for growth in artificial intelligence, aerospace and defense, supported by investments and acquisitions including the planned purchase of MKS’s Ophir optics business. These initiatives could broaden its exposure to high-growth technology and defense programs. TTM Technologies Bets Big on AI, Defense Growth
• Positive Sentiment: Bullish options activity: Traders purchased 10,816 call options, roughly 144% above typical daily call volume, indicating increased speculative interest in further gains.
• Neutral Sentiment: Post-earnings volatility continues: The stock’s rebound followed a sharp prior-session selloff as investors continued interpreting the earnings report and outlook. Elevated volume highlights heightened interest but also substantial short-term volatility. TTM Technologies climbs as volatile post-earnings trading continues
• Negative Sentiment: Legal and insider-selling risks: A law firm announced a fraud investigation for investors reporting significant losses. Separately, reported insider activity over the past six months was heavily weighted toward sales, despite some executive purchases, which may weigh on sentiment.

Insider Buying and Selling at TTM Technologies

In other news, CEO Edwin Roks purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $111.77 per share, for a total transaction of $1,117,700.00. Following the purchase, the chief executive officer owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. The trade was a 18.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dale Knecht sold 26,198 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $142.00, for a total value of $3,720,116.00. Following the completion of the transaction, the senior vice president directly owned 40,138 shares of the company’s stock, valued at approximately $5,699,596. The trade was a 39.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.