Sanctuary Advisors LLC Purchases Shares of 27,931 TTM Technologies, Inc. (NASDAQ:TTMI)

Sanctuary Advisors LLC acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,931 shares of the technology company’s stock, valued at approximately $543,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its position in TTM Technologies by 202.6% during the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock valued at $36,000 after buying an additional 1,244 shares during the period. Headlands Technologies LLC purchased a new position in TTM Technologies during the 1st quarter valued at about $37,000. Innealta Capital LLC bought a new position in TTM Technologies during the 2nd quarter valued at approximately $64,000. EntryPoint Capital LLC lifted its holdings in TTM Technologies by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock worth $98,000 after buying an additional 3,254 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of TTM Technologies in the 2nd quarter worth approximately $225,000. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 7,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $20.50, for a total transaction of $143,500.00. Following the completion of the sale, the executive vice president now directly owns 101,741 shares in the company, valued at $2,085,690.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, 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 transaction, the executive vice president now owns 101,741 shares in the company, valued at $2,085,690.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Weber sold 13,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $18.50, for a total value of $240,500.00. Following the completion of the sale, the executive vice president now owns 107,488 shares of the company’s stock, valued at $1,988,528. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,000 shares of company stock worth $1,153,900 in the last ninety days. Insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $19.44 on Wednesday. The business has a 50-day simple moving average of $18.56 and a two-hundred day simple moving average of $18.26. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $22.70. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 121.51 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 2.04.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results 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. 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 analysts’ expectations of $582.70 million. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. On average, analysts expect that TTM Technologies, Inc. will post 1.31 earnings per share for the current year.

TTM Technologies Company 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.