TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 3.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,295 shares of the technology company’s stock after selling 3,189 shares during the quarter. Texas Permanent School Fund Corp owned 0.08% of TTM Technologies worth $1,677,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Choreo LLC purchased a new position in TTM Technologies during the second quarter worth about $512,000. LSV Asset Management raised its stake in shares of TTM Technologies by 1.3% during the 2nd quarter. LSV Asset Management now owns 526,498 shares of the technology company’s stock worth $10,230,000 after buying an additional 6,764 shares in the last quarter. Natixis Advisors LLC acquired a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $676,000. Innealta Capital LLC purchased a new stake in shares of TTM Technologies in the second quarter valued at approximately $64,000. Finally, Panagora Asset Management Inc. grew its holdings in TTM Technologies by 5.1% during the second quarter. Panagora Asset Management Inc. now owns 480,429 shares of the technology company’s stock worth $9,335,000 after acquiring an additional 23,103 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several research analyst reports. Truist Financial restated a “buy” rating and set a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research 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 stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC increased their target price on shares of TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price target on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, TTM Technologies presently has a consensus rating of “Buy” and a consensus price target of $24.31.

Insider Activity

In other news, insider Robert P. Farrell sold 5,159 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $18.99, for a total transaction of $97,969.41. Following the transaction, the insider now directly owns 22,958 shares in the company, valued at approximately $435,972.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Robert P. Farrell sold 5,159 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $18.99, for a total transaction of $97,969.41. Following the completion of the transaction, the insider now owns 22,958 shares of the company’s stock, valued at $435,972.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction on Friday, August 23rd. The shares were 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 owns 101,741 shares in the company, valued at approximately $2,085,690.50. 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 over the last quarter. Company insiders own 1.30% of the company’s stock.

TTM Technologies Trading Down 1.4 %

Shares of TTMI opened at $17.82 on Thursday. TTM Technologies, Inc. has a 12-month low of $11.14 and a 12-month high of $22.70. 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 company has a 50-day moving average of $19.43 and a two-hundred day moving average of $17.74.

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 the consensus estimate of $0.34 by $0.05. The firm had revenue of $605.10 million during the quarter, compared to the consensus estimate of $582.70 million. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts expect that TTM Technologies, Inc. will post 1.31 earnings per share for the current fiscal 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.