Royce & Associates LP Purchases 45,867 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Royce & Associates LP raised its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 17.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,914 shares of the technology company's stock after buying an additional 45,867 shares during the quarter. Royce & Associates LP owned about 0.29% of TTM Technologies worth $4,073,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dark Forest Capital Management LP grew its position in TTM Technologies by 390.4% during the fourth quarter. Dark Forest Capital Management LP now owns 1,888 shares of the technology company's stock worth $28,000 after buying an additional 1,503 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in TTM Technologies during the first quarter worth about $28,000. Ronald Blue Trust Inc. grew its position in TTM Technologies by 47.1% during the first quarter. Ronald Blue Trust Inc. now owns 3,449 shares of the technology company's stock worth $52,000 after buying an additional 1,104 shares in the last quarter. Lazard Asset Management LLC purchased a new position in TTM Technologies during the fourth quarter worth about $101,000. Finally, Signaturefd LLC grew its position in TTM Technologies by 17.5% during the fourth quarter. Signaturefd LLC now owns 7,264 shares of the technology company's stock worth $110,000 after buying an additional 1,082 shares in the last quarter. 96.01% of the stock is currently owned by institutional investors.

TTMI has been the subject of several recent analyst reports. Truist Financial boosted their target price on TTM Technologies from $12.00 to $16.00 and gave the stock a "hold" rating in a research report on Thursday. StockNews.com assumed coverage on TTM Technologies in a report on Thursday, May 18th. They issued a "hold" rating for the company. Stifel Nicolaus cut their price objective on TTM Technologies from $14.00 to $13.00 in a report on Thursday, May 4th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $17.00 price objective (up from $15.00) on shares of TTM Technologies in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, TTM Technologies currently has an average rating of "Hold" and an average price target of $15.33.

View Our Latest Research Report on TTMI

NASDAQ TTMI opened at $14.70 on Friday. TTM Technologies, Inc. has a 1-year low of $11.13 and a 1-year high of $17.49. The company has a current ratio of 2.20, a quick ratio of 1.91 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $13.87 and a 200-day moving average of $13.62. The firm has a market cap of $1.51 billion, a PE ratio of 30.00 and a beta of 1.43.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.12. The company had revenue of $546.51 million during the quarter, compared to analyst estimates of $552.52 million. TTM Technologies had a return on equity of 8.80% and a net margin of 2.12%. TTM Technologies's revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, sell-side analysts forecast that TTM Technologies, Inc. will post 0.79 EPS for the current year.

In other TTM Technologies news, VP Tony Sanchez sold 7,131 shares of the company's stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $13.43, for a total transaction of $95,769.33. Following the completion of the transaction, the vice president now owns 23,256 shares of the company's stock, valued at approximately $312,328.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale engineered 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.

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