Inspire Investing LLC Grows Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Inspire Investing LLC grew its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 159.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 59,287 shares of the technology company’s stock after buying an additional 36,428 shares during the quarter. Inspire Investing LLC owned approximately 0.06% of TTM Technologies worth $1,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in TTM Technologies by 2,130.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,069 shares of the technology company’s stock worth $392,000 after buying an additional 23,945 shares during the period. Bridgeway Capital Management LLC lifted its holdings in TTM Technologies by 4.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock worth $14,774,000 after buying an additional 40,111 shares during the period. Allianz Asset Management GmbH lifted its holdings in TTM Technologies by 169.2% in the 4th quarter. Allianz Asset Management GmbH now owns 137,014 shares of the technology company’s stock worth $2,166,000 after buying an additional 86,112 shares during the period. UniSuper Management Pty Ltd purchased a new stake in TTM Technologies in the 1st quarter worth approximately $382,000. Finally, Norges Bank purchased a new position in shares of TTM Technologies in the 4th quarter valued at approximately $10,616,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Stock Up 1.7 %

TTMI stock opened at $18.13 on Friday. TTM Technologies, Inc. has a twelve month low of $11.14 and a twelve month high of $22.70. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.85 billion, a PE ratio of -906.05 and a beta of 1.26. The business has a 50 day moving average of $19.38 and a 200 day moving average of $17.74.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The company had revenue of $605.10 million during the quarter, compared to analyst estimates of $582.70 million. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts forecast that TTM Technologies, Inc. will post 1.31 EPS for the current fiscal year.

Insider Activity at TTM Technologies

In other TTM Technologies news, VP Tony Sanchez sold 6,940 shares of TTM Technologies stock in a transaction on Monday, June 24th. The stock was sold at an average price of $19.00, for a total value of $131,860.00. Following the completion of the sale, the vice president now owns 21,502 shares of the company’s stock, valued at approximately $408,538. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other TTM Technologies news, SVP Dale Martin Knecht sold 20,000 shares of TTM Technologies stock in a transaction on Monday, August 5th. The stock was sold at an average price of $17.40, for a total value of $348,000.00. Following the completion of the sale, the senior vice president now owns 81,392 shares of the company’s stock, valued at approximately $1,416,220.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Tony Sanchez sold 6,940 shares of TTM Technologies stock in a transaction on Monday, June 24th. The stock was sold at an average price of $19.00, for a total value of $131,860.00. Following the completion of the sale, the vice president now directly owns 21,502 shares of the company’s stock, valued at approximately $408,538. The disclosure for this sale can be found here. Insiders sold a total of 132,009 shares of company stock valued at $2,500,659 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

TTMI has been the subject of a number of research analyst reports. Truist Financial restated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Stifel Nicolaus raised their target price on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC raised their target price on TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, B. Riley raised their target price on TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $24.31.

TTM Technologies Company Profile

TTM Technologies, Inc, together with its subsidiaries, manufactures and sells mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies, and printed circuit boards (PCB) worldwide. The company operates in two segments, PCB and RF&S Components. It offers range of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration, IC substrates, passive RF components, advanced ceramic RF components, hi-reliability multi-chip modules, beamforming and switching networks, PCB products, RF components, and backplane/custom assembly solutions, including conventional PCBs.