Hood River Capital Management LLC Purchases New Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Hood River Capital Management LLC purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 453,239 shares of the technology company’s stock, valued at approximately $8,806,000. Hood River Capital Management LLC owned approximately 0.44% of TTM Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TTMI. CWM LLC increased its stake in shares of TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,244 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of TTM Technologies during the first quarter valued at approximately $37,000. Innealta Capital LLC purchased a new position in shares of TTM Technologies during the second quarter valued at approximately $64,000. EntryPoint Capital LLC lifted its holdings in shares of TTM Technologies by 108.1% during the first quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after purchasing an additional 3,254 shares during the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of TTM Technologies in the 1st quarter worth approximately $266,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TTM Technologies

In related news, EVP Shawn A. Powers sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the transaction, the executive vice president now owns 101,741 shares of the company’s stock, valued at $2,085,690.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction on 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 directly owns 101,741 shares in the company, valued at $2,085,690.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff Jankowsky sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $20.04, for a total value of $200,400.00. Following the sale, the insider now directly owns 60,273 shares of the company’s stock, valued at approximately $1,207,870.92. The disclosure for this sale can be found here. Insiders sold a total of 98,000 shares of company stock worth $1,854,759 in the last three months. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $18.20 on Tuesday. The business has a 50-day simple moving average of $19.21 and a two-hundred day simple moving average of $17.83. 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 has a market cap of $1.85 billion, a price-to-earnings ratio of -910.00 and a beta of 1.26. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $22.70.

TTM Technologies (NASDAQ:TTMI) last issued 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 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 prior year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts expect that TTM Technologies, Inc. will post 1.31 earnings per share for the current year.

About TTM Technologies

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.