250,000 Shares in TTM Technologies, Inc. $TTMI Purchased by Styrax Capital LP

Styrax Capital LP bought a new stake in TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, HoldingsChannel.com reports. The fund bought 250,000 shares of the technology company’s stock, valued at approximately $46,755,000. TTM Technologies comprises 3.1% of Styrax Capital LP’s holdings, making the stock its 12th biggest holding.

Several other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock worth $543,000 after purchasing an additional 10,565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TTM Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 2,632 shares during the period. Goldman Sachs Group Inc. boosted its position in TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after purchasing an additional 115,766 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in TTM Technologies by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock worth $3,908,000 after buying an additional 13,691 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in TTM Technologies by 1,150.2% during the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after buying an additional 128,700 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Shawn A. Powers sold 3,367 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $703,500.98. Following the sale, the executive vice president owned 120,801 shares of the company’s stock, valued at $25,240,160.94. The trade was a 2.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Weber sold 2,915 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total value of $609,060.10. Following the completion of the sale, the executive vice president owned 88,250 shares of the company’s stock, valued at $18,438,955. This trade represents a 3.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 108,241 shares of company stock worth $20,911,975. Company insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $125.60 on Friday. TTM Technologies, Inc. has a fifty-two week low of $45.73 and a fifty-two week high of $223.83. The firm’s 50-day simple moving average is $133.42 and its 200 day simple moving average is $137.44. The company has a quick ratio of 1.54, a current ratio of 1.78 and a debt-to-equity ratio of 0.50. The stock has a market cap of $13.23 billion, a P/E ratio of 56.58 and a beta of 2.15.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Thursday, August 6th. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.10. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. TTM Technologies’s revenue was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. Equities analysts expect that TTM Technologies, Inc. will post 4.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Weiss Ratings cut shares of TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of TTM Technologies in a research report on Tuesday, August 18th. B. Riley Financial boosted their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen cut shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.