Choreo LLC Invests $512,000 in TTM Technologies, Inc. (NASDAQ:TTMI)

Choreo LLC bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,860 shares of the technology company’s stock, valued at approximately $512,000.

A number of other institutional investors have also made changes to their positions in TTMI. Norges Bank acquired a new stake in TTM Technologies in the fourth quarter valued at $10,616,000. Archon Capital Management LLC acquired a new stake in TTM Technologies in the first quarter valued at $3,097,000. Dimensional Fund Advisors LP raised its holdings in TTM Technologies by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,299,477 shares of the technology company’s stock valued at $131,216,000 after acquiring an additional 121,498 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of TTM Technologies by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,941,612 shares of the technology company’s stock worth $30,697,000 after acquiring an additional 96,265 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of TTM Technologies by 169.2% in the 4th quarter. Allianz Asset Management GmbH now owns 137,014 shares of the technology company’s stock valued at $2,166,000 after acquiring an additional 86,112 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Tony Sanchez sold 6,940 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were 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 $408,538. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TTM Technologies news, EVP Shawn A. Powers sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the sale, the executive vice president now directly owns 101,741 shares in the company, valued at $2,085,690.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Tony Sanchez sold 6,940 shares of TTM Technologies stock in a transaction on Monday, June 24th. The shares were sold at an average price of $19.00, for a total value of $131,860.00. Following the transaction, the vice president now owns 21,502 shares in the company, valued at $408,538. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,009 shares of company stock valued at $2,500,659. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stifel Nicolaus lifted their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. B. Riley boosted their price objective on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial reissued a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Finally, Needham & Company LLC increased their price target on TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, TTM Technologies presently has a consensus rating of “Buy” and a consensus price target of $24.31.

TTM Technologies Trading Up 1.2 %

TTM Technologies stock opened at $18.26 on Monday. The firm has a 50-day moving average price of $19.51 and a two-hundred day moving average price of $17.70. TTM Technologies, Inc. has a 52-week low of $11.14 and a 52-week high of $22.70. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -912.54 and a beta of 1.26. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.60.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data 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. The business had revenue of $605.10 million during the quarter, compared to analyst estimates of $582.70 million. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. Sell-side analysts expect that TTM Technologies, Inc. will post 1.31 earnings per share for the current year.

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.