AQR Capital Management LLC Has $4.53 Million Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

AQR Capital Management LLC trimmed its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 18.5% in the second quarter, Holdings Channel reports. The institutional investor owned 233,189 shares of the technology company’s stock after selling 52,811 shares during the period. AQR Capital Management LLC’s holdings in TTM Technologies were worth $4,531,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Caxton Associates LP acquired a new position in TTM Technologies in the 2nd quarter valued at $618,000. Marshall Wace LLP acquired a new position in TTM Technologies in the second quarter valued at about $574,000. Public Sector Pension Investment Board lifted its position in TTM Technologies by 6.8% during the second quarter. Public Sector Pension Investment Board now owns 223,880 shares of the technology company’s stock worth $4,350,000 after purchasing an additional 14,300 shares during the period. Hood River Capital Management LLC acquired a new stake in TTM Technologies during the second quarter worth about $8,806,000. Finally, Sei Investments Co. increased its holdings in TTM Technologies by 41.7% in the 2nd quarter. Sei Investments Co. now owns 77,427 shares of the technology company’s stock valued at $1,504,000 after buying an additional 22,799 shares during the period. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $18.35 on Friday. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $22.70. The stock has a market cap of $1.87 billion, a PE ratio of -917.50 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 2.04. The firm’s fifty day moving average price is $18.63 and its two-hundred day moving average price is $18.03.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $605.10 million during the quarter, compared to analysts’ expectations of $582.70 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts expect that TTM Technologies, Inc. will post 1.31 EPS for the current fiscal year.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $17.49, for a total value of $174,900.00. Following the completion of the transaction, the executive vice president now directly owns 120,296 shares in the company, valued at approximately $2,103,977.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Shawn A. Powers sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $20.50, for a total transaction of $143,500.00. Following the completion of the transaction, the executive vice president now directly owns 101,741 shares in the company, valued at $2,085,690.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Catherine A. Gridley sold 10,000 shares of TTM Technologies stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.49, for a total value of $174,900.00. Following the completion of the transaction, the executive vice president now directly owns 120,296 shares in the company, valued at approximately $2,103,977.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,000 shares of company stock worth $1,153,900 in the last quarter. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TTMI shares. Truist Financial reaffirmed a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Stifel Nicolaus upped their target price on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their price target 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 upped their price objective on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, TTM Technologies has an average rating of “Buy” and a consensus price target of $24.31.

TTM Technologies 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.