Paradigm Capital Management Inc. NY Makes New $8.13 Million Investment in TTM Technologies, Inc. $TTMI

Paradigm Capital Management Inc. NY acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, HoldingsChannel.com reports. The firm acquired 43,500 shares of the technology company’s stock, valued at approximately $8,135,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTMI. BlackRock Inc. purchased a new stake in TTM Technologies during the 2nd quarter valued at $2,053,347,000. Polar Capital Holdings Plc bought a new position in TTM Technologies during the third quarter valued at $176,376,000. Invesco Ltd. raised its stake in shares of TTM Technologies by 127.7% in the third quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after acquiring an additional 2,699,494 shares during the period. Whale Rock Capital Management LLC lifted its holdings in shares of TTM Technologies by 112.1% in the 4th quarter. Whale Rock Capital Management LLC now owns 4,276,320 shares of the technology company’s stock worth $295,066,000 after acquiring an additional 2,260,035 shares during the last quarter. Finally, Castle Hook Partners LP purchased a new position in shares of TTM Technologies during the 4th quarter worth about $133,351,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Daniel J. Weber sold 8,533 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $1,790,223.40. Following the completion of the sale, the executive vice president owned 86,088 shares in the company, valued at approximately $18,061,262.40. The trade was a 9.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shawn A. Powers sold 9,856 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total value of $2,067,788.80. Following the completion of the transaction, the executive vice president directly owned 119,268 shares in the company, valued at approximately $25,022,426.40. This trade represents a 7.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 108,241 shares of company stock worth $20,911,975. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TTMI. Truist Financial upped their price target on shares of TTM Technologies from $215.00 to $224.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Stifel Nicolaus boosted their target price on TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of TTM Technologies in a research note on Tuesday, August 18th. Finally, Weiss Ratings raised TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $214.25.

TTM Technologies Trading Down 3.1%

NASDAQ TTMI opened at $107.12 on Tuesday. The company’s 50-day moving average price is $149.68 and its 200-day moving average price is $136.21. The company has a current ratio of 1.78, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. The stock has a market cap of $11.29 billion, a PE ratio of 48.25 and a beta of 2.15. TTM Technologies, Inc. has a 12 month low of $42.69 and a 12 month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly 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 net margin of 7.01% and a return on equity of 15.67%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $962.04 million. During the same quarter last year, the firm posted $0.58 EPS. The firm’s revenue was up 37.4% compared to the same quarter last year. Equities research analysts forecast that TTM Technologies, Inc. will post 4.26 earnings per share for the current year.

TTM Technologies Company 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.