Key Points
- CEO Edwin Roks purchased 10,000 TTM Technologies shares at an average price of $111.77, investing $1.12 million and increasing his stake by 18.24%.
- TTM Technologies beat quarterly expectations with $0.99 EPS versus $0.89 expected and $1 billion in revenue, up 37.4% year over year.
- Analysts maintain a consensus “Buy” rating with a $214.25 price target, while institutional investors own 95.79% of the company’s stock.
TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) CEO Edwin Roks acquired 10,000 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $111.77 per share, with a total value of $1,117,700.00. Following the acquisition, the chief executive officer owned 64,814 shares in the company, valued at $7,244,260.78. The trade was a 18.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.
TTM Technologies Price Performance
NASDAQ:TTMI opened at $112.30 on Wednesday. TTM Technologies, Inc. has a one year low of $42.69 and a one year high of $223.83. 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 cap of $11.83 billion, a PE ratio of 50.59 and a beta of 2.15. The stock has a 50 day moving average price of $147.94 and a 200 day moving average price of $136.32.
TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $962.04 million. During the same period in the previous year, the firm earned $0.58 earnings per share. TTM Technologies's quarterly revenue was up 37.4% compared to the same quarter last year. Equities research analysts expect that TTM Technologies, Inc. will post 4.26 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have commented on TTMI. B. Riley Financial increased their price target 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. Weiss Ratings raised TTM Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Stifel Nicolaus upped their price objective on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Needham & Company LLC restated a "buy" rating and issued a $220.00 price target on shares of TTM Technologies in a research note on Tuesday, August 18th. Finally, Wall Street Zen upgraded TTM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday. One 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 data from MarketBeat, TTM Technologies currently has a consensus rating of "Buy" and a consensus price target of $214.25.
View Our Latest Analysis on TTMI
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake 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 valued at $543,000 after buying an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of TTM Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company's stock valued at $1,232,000 after acquiring an additional 2,632 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in TTM Technologies by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company's stock valued at $34,989,000 after buying an additional 115,766 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 valued at $3,908,000 after purchasing an additional 13,691 shares in the last quarter. Finally, Jane Street Group LLC grew its position in TTM Technologies by 1,150.2% in the first 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. Institutional investors and hedge funds own 95.79% of the company's stock.
About TTM Technologies
(
Get Free Report)
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.
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