TTM Technologies, Inc. $TTMI Stake Lifted by Capstone Capital Management Ltd

Capstone Capital Management Ltd boosted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 180.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,137 shares of the technology company’s stock after purchasing an additional 7,164 shares during the period. Capstone Capital Management Ltd’s holdings in TTM Technologies were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new stake in TTM Technologies during the 2nd quarter valued at $29,000. GoalVest Advisory LLC lifted its position in shares of TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after acquiring an additional 137 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of TTM Technologies in the second quarter worth $47,000. Persistent Asset Partners Ltd bought a new position in shares of TTM Technologies in the second quarter worth $49,000. Finally, Parallel Advisors LLC boosted its holdings in shares of TTM Technologies by 36.2% in the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company’s stock worth $32,000 after acquiring an additional 87 shares during the period. 95.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Dale Knecht sold 26,198 shares of TTM Technologies stock in a transaction on Monday, August 10th. The shares were sold at an average price of $142.00, for a total value of $3,720,116.00. Following the transaction, the senior vice president owned 40,138 shares in the company, valued at $5,699,596. This trade represents a 39.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Edwin Roks bought 10,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was bought at an average cost of $111.77 per share, with a total value of $1,117,700.00. Following the purchase, the chief executive officer owned 64,814 shares in the company, valued at $7,244,260.78. The trade was a 18.24% increase in their position. The SEC filing for this purchase provides additional information. 1.30% of the stock is owned by company insiders.

TTM Technologies Trading Down 3.6%

Shares of TTMI stock opened at $95.51 on Wednesday. The company has a market capitalization of $10.06 billion, a PE ratio of 43.02 and a beta of 2.14. TTM Technologies, Inc. has a 52-week low of $54.43 and a 52-week high of $223.83. The business’s fifty day moving average is $120.29 and its 200 day moving average is $142.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.54 and a current ratio of 1.78.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. The business’s quarterly revenue was up 37.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 EPS. On average, equities research analysts anticipate that TTM Technologies, Inc. will post 4.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Truist Financial boosted their price objective on TTM Technologies from $224.00 to $231.00 and gave the company a “buy” rating in a research note on Tuesday, October 13th. Needham & Company LLC dropped their price objective on TTM Technologies from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, September 21st. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $204.75.

About TTM Technologies

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.