Neumeier Poma Investment Counsel LLC Makes New Investment in TTM Technologies, Inc. $TTMI

Neumeier Poma Investment Counsel LLC bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 244,265 shares of the technology company’s stock, valued at approximately $45,682,440,000. TTM Technologies accounts for about 3.1% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 11th largest position. Neumeier Poma Investment Counsel LLC owned approximately 0.23% of TTM Technologies as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC acquired a new stake in TTM Technologies in the 2nd quarter worth about $29,000. GoalVest Advisory LLC raised its holdings 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 valued at $31,000 after acquiring an additional 137 shares during the last quarter. Persistent Asset Partners Ltd acquired a new position in shares of TTM Technologies during the second quarter valued at approximately $49,000. Parallel Advisors LLC lifted its position 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 valued at $32,000 after acquiring an additional 87 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in shares of TTM Technologies in the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Catherine A. Gridley sold 3,056 shares of TTM Technologies stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $208.94, for a total transaction of $638,520.64. Following the transaction, the executive vice president owned 71,866 shares in the company, valued at $15,015,682.04. The trade was a 4.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Dale Martin Knecht sold 26,198 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $142.00, for a total transaction of $3,720,116.00. Following the transaction, the senior vice president directly owned 40,138 shares in the company, valued at approximately $5,699,596. The trade was a 39.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 108,241 shares of company stock worth $20,911,975. 1.30% of the stock is currently owned by company insiders.

TTM Technologies Price Performance

TTMI stock opened at $110.54 on Monday. TTM Technologies, Inc. has a 1 year low of $40.46 and a 1 year high of $223.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. The firm has a market capitalization of $11.65 billion, a PE ratio of 49.79 and a beta of 2.15. The business has a 50 day simple moving average of $151.67 and a 200-day simple moving average of $136.21.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data 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 firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $962.04 million. TTM Technologies had a return on equity of 15.67% and a net margin of 7.01%.The firm’s revenue was up 37.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 earnings per share. Equities research analysts anticipate that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TTMI has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price target on shares of TTM Technologies in a research report on Tuesday, August 18th. Stifel Nicolaus lifted their target price on shares of TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. B. Riley Financial upped their target price on shares of TTM Technologies from $182.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of TTM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Zacks Research raised shares of TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $214.25.

TTM Technologies Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.