Hsbc Holdings PLC Takes Position in TTM Technologies, Inc. $TTMI

Hsbc Holdings PLC bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,298 shares of the technology company’s stock, valued at approximately $2,839,000.

A number of other hedge funds have also recently added to or reduced their stakes in TTMI. GAMMA Investing LLC increased its position in TTM Technologies by 1.8% during the second quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock worth $812,000 after buying an additional 75 shares during the period. Parallel Advisors LLC boosted its holdings in shares of 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 acquiring an additional 87 shares during the period. Lido Advisors LLC grew its position in shares of TTM Technologies by 1.5% during the fourth quarter. Lido Advisors LLC now owns 8,013 shares of the technology company’s stock worth $553,000 after acquiring an additional 116 shares during the last quarter. GoalVest Advisory LLC grew its position in shares of TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of TTM Technologies by 4.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 3,289 shares of the technology company’s stock valued at $320,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Performance

Shares of TTMI opened at $118.65 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78. The stock has a market capitalization of $12.50 billion, a P/E ratio of 53.45 and a beta of 2.14. The company’s fifty day moving average is $142.53 and its two-hundred day moving average is $136.58. TTM Technologies, Inc. has a 1 year low of $42.69 and a 1 year high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $962.04 million. During the same quarter in the prior year, the firm earned $0.58 EPS. TTM Technologies’s quarterly revenue was up 37.4% on a year-over-year basis. On average, sell-side analysts predict that TTM Technologies, Inc. will post 4.26 earnings per share for the current year.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, CEO Edwin Roks purchased 10,000 shares of TTM Technologies stock in a transaction dated 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 acquisition, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at $7,244,260.78. This represents a 18.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 26,198 shares of the company’s stock in a transaction on 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 transaction, the senior vice president directly owned 40,138 shares in the company, valued at $5,699,596. This represents a 39.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 108,241 shares of company stock valued at $20,911,975. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on TTMI shares. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price target on shares of TTM Technologies in a research note on Tuesday, August 18th. B. Riley Financial increased their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Truist Financial raised their price target on TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TTM Technologies has an average rating of “Buy” and a consensus price target of $214.25.

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.