TTM Technologies, Inc. (NASDAQ:TTMI) Stock Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,935 shares of the technology company’s stock after selling 2,337 shares during the quarter. Mutual of America Capital Management LLC owned 0.18% of TTM Technologies worth $3,554,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in TTM Technologies by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock valued at $995,000 after buying an additional 600 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of TTM Technologies by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 821 shares during the period. ProShare Advisors LLC grew its position in TTM Technologies by 5.9% during the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock valued at $322,000 after purchasing an additional 1,150 shares in the last quarter. CWM LLC increased its stake in TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock valued at $36,000 after buying an additional 1,244 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in TTM Technologies by 2.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,101 shares of the technology company’s stock worth $956,000 after buying an additional 1,358 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TTMI shares. Stifel Nicolaus upped their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and set a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. B. Riley lifted their price target 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. Finally, Needham & Company LLC upped their price objective on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $24.31.

TTM Technologies Trading Up 0.2 %

Shares of TTM Technologies stock opened at $18.20 on Tuesday. TTM Technologies, Inc. has a 1 year low of $11.14 and a 1 year high of $22.70. The company’s fifty day simple moving average is $19.21 and its 200-day simple moving average is $17.83. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -910.00 and a beta of 1.26. The company has a current ratio of 2.04, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The company had revenue of $605.10 million for the quarter, compared to the consensus estimate of $582.70 million. During the same quarter in the previous year, the firm posted $0.28 EPS. The business’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts expect that TTM Technologies, Inc. will post 1.31 EPS for the current year.

Insider Activity at TTM Technologies

In related news, EVP Shawn A. Powers sold 7,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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 owns 101,741 shares in the company, valued at $2,085,690.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other TTM Technologies news, EVP Douglas L. Soder sold 9,714 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $20.00, for a total transaction of $194,280.00. Following the completion of the transaction, the executive vice president now owns 204,493 shares in the company, valued at $4,089,860. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now owns 101,741 shares of the company’s stock, valued at approximately $2,085,690.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,000 shares of company stock worth $1,854,759. Company insiders own 1.30% of the company’s stock.

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.