Fulcrum Asset Management LLP Makes New Investment in TTM Technologies, Inc. $TTMI

Fulcrum Asset Management LLP acquired a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 3rd quarter, HoldingsChannel reports. The fund acquired 30,356 shares of the technology company’s stock, valued at approximately $3,728,000.

Several other large investors have also modified their holdings of TTMI. GAMMA Investing LLC lifted its position in TTM Technologies by 1.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company’s stock worth $812,000 after acquiring an additional 75 shares during the last quarter. Parallel Advisors LLC grew 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 purchasing an additional 87 shares during the last quarter. North Dakota State Investment Board increased its stake in shares of TTM Technologies by 4.0% in the third quarter. North Dakota State Investment Board now owns 3,121 shares of the technology company’s stock worth $383,000 after purchasing an additional 119 shares during the period. GoalVest Advisory LLC lifted its position in shares of TTM Technologies by 456.7% during the 2nd quarter. GoalVest Advisory LLC now owns 167 shares of the technology company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. Finally, Elm3 Financial Group LLC lifted its position in shares of TTM Technologies by 7.1% during the 3rd quarter. Elm3 Financial Group LLC now owns 2,142 shares of the technology company’s stock worth $263,000 after purchasing an additional 142 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on TTMI shares. Weiss Ratings lowered TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 25th. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 1st. Needham & Company LLC cut their price target on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Stifel Nicolaus reduced their price objective on TTM Technologies from $205.00 to $165.00 and set a “buy” rating for the company in a research report on Friday, October 23rd. Finally, Truist Financial lowered their price objective on shares of TTM Technologies from $231.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.25.

Insider Activity at TTM Technologies

In other news, Director Philip G. Franklin bought 5,000 shares of TTM Technologies stock in a transaction that occurred on Thursday, November 5th. The stock was purchased at an average cost of $61.92 per share, with a total value of $309,600.00. Following the completion of the transaction, the director directly owned 161,725 shares in the company, valued at $10,014,012. This trade represents a 3.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Edwin Roks purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were acquired at an average price of $111.77 per share, for a total transaction of $1,117,700.00. Following the purchase, the chief executive officer directly owned 64,814 shares of the company’s stock, valued at approximately $7,244,260.78. This represents a 18.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 40,000 shares of company stock worth $3,401,650. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Trading Up 13.3%

TTM Technologies stock opened at $75.33 on Tuesday. The business has a 50 day moving average price of $108.10 and a two-hundred day moving average price of $126.78. The company has a quick ratio of 1.49, a current ratio of 1.67 and a debt-to-equity ratio of 0.71. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 30.01 and a beta of 2.25. TTM Technologies, Inc. has a 12 month low of $55.44 and a 12 month high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.21. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter last year, the firm earned $0.50 EPS. TTM Technologies’s revenue for the quarter was up 59.9% compared to the same quarter last year. As a group, equities analysts forecast that TTM Technologies, Inc. will post 4.36 EPS for the current year.

TTM Technologies Profile

TTM Technologies, Inc designs and manufactures printed circuit boards (PCBs) and radio-frequency (RF) and microwave components and assemblies. Its products support the development and operation of electronic systems used in communications, data infrastructure, aerospace and defense, automotive, medical, and industrial applications.

The company provides engineering and manufacturing services, including PCB design support, prototyping, and production. TTM serves customers around the world through operations in North America and Asia.

Founded in 1998, TTM Technologies is headquartered in Santa Ana, California.