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TTMI TTM

TTM Technologies, Inc. engages in the manufacture and sale of printed circuit boards and backplane assemblies. It operates through the following segments: Printed Circuit Board and Electro-Mechanical Solutions. It offers products such as backplanes, system integration, chassis assemblies, integrated circuit substrates and chips, and engineering services. The company was founded on March 20, 1978 and is headquartered in Santa Ana, CA.

Company profile

Ticker
TTMI
Exchange
CEO
Thomas Edman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
911033443

TTMI stock data

(
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Calendar

5 May 21
9 May 21
28 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from TTM earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Apr 21 Todd B Schull Common Stock Sell Dispose S No Yes 15 35,000 525K 205,756
5 Apr 21 Douglas L Soder Common Stock Sell Dispose S No Yes 15 55,807 837.11K 166,263
30 Mar 21 Tony Sanchez Common Stock Sell Dispose S No Yes 14.4453 2,288 33.05K 21,566
30 Mar 21 Tony Sanchez Common Stock Payment of exercise Dispose F No Yes 14.4453 1,216 17.57K 23,854
30 Mar 21 Tony Sanchez Common Stock Sell Dispose S No Yes 14.4453 2,288 33.05K 21,566
30 Mar 21 Tony Sanchez Common Stock Payment of exercise Dispose F No Yes 14.4453 1,216 17.57K 23,854
30 Mar 21 Todd B Schull Common Stock Payment of exercise Dispose F No Yes 14.4469 2,738 39.56K 240,756

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 195 185 +5.4%
Opened positions 32 27 +18.5%
Closed positions 22 22
Increased positions 63 53 +18.9%
Reduced positions 71 68 +4.4%
13F shares
Current Prev Q Change
Total value 1.56B 1.28B +21.6%
Total shares 113.25M 112.54M +0.6%
Total puts 282.3K 40.13K +603.4%
Total calls 326.2K 43.54K +649.3%
Total put/call ratio 0.9 0.9 -6.1%
Largest owners
Shares Value Change
BLK Blackrock 15.24M $210.27M +4.3%
Vanguard 10.66M $147.08M +0.9%
FMR 9.53M $131.46M -31.4%
Dimensional Fund Advisors 7.82M $107.89M -5.2%
GS Goldman Sachs 5.57M $76.89M +8.6%
Goldman Sachs & Co 5.46M $75.32M NEW
MCQEF Macquarie 5.42M $74.76M -0.1%
Rubric Capital Management 3.4M $46.9M +35.0%
STT State Street 3.36M $46.35M -0.4%
LSV Asset Management 3.32M $45.8M -10.7%
Largest transactions
Shares Bought/sold Change
Goldman Sachs & Co 5.46M +5.46M NEW
FMR 9.53M -4.37M -31.4%
JPM JPMorgan Chase & Co. 375.98K -2.72M -87.8%
DB Deutsche Bank AG - Registered Shares 76.22K -1.68M -95.7%
Norges Bank 1.41M +1.41M NEW
Nuveen Asset Management 1.26M -1.17M -48.2%
Two Sigma Investments 1.17M +1.11M +1850.0%
Alliancebernstein 147.99K -970.73K -86.8%
IVZ Invesco 1.46M +953.5K +188.8%
Rubric Capital Management 3.4M +881.88K +35.0%

Financial report summary

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Competition
CraneAmphenolAVXFlexSanminaJabilEltekMercury SystemsCobham
Risks
  • We serve customers and have manufacturing facilities throughout the world and are subject to global pandemic and other similar risks, including without limitation, COVID-19, which could materially adversely affect our business, financial condition, and results of operations.
  • We serve customers and have manufacturing facilities outside the United States and are subject to the risks characteristic of international operations, including recently imposed tariffs.
  • We are subject to risks of currency fluctuations.
  • Rising labor costs, including due to employee strikes and other labor-related disruptions may materially adversely affect our business, financial condition, and results of operations.
  • Uncertainty and adverse changes in the economy and financial markets, including the worldwide electronics industry, could have an adverse impact on our business and operating results.
  • If we are unable to maintain satisfactory capacity utilization rates, our business, financial condition, and results of operations would be materially adversely affected.
  • We have a significant amount of goodwill and other intangible assets on our consolidated condensed balance sheet. If our goodwill or other intangible assets become impaired in the future, we would be required to record a non-cash charge to earnings, which may be material and would also reduce our stockholders’ equity.
  • Our results of operations are often subject to demand fluctuations and seasonality. With a high level of fixed operating costs, even small revenue shortfalls would decrease our gross margins.
  • We participate in the competitive, cyclical automotive industry, which is subject to strict quality control standards. Failure to meet quality standards may adversely affect our business, financial condition and results of operations.
  • The prominence of EMS companies as our customers could reduce our gross margins, potential sales, and customers.
  • We depend upon a relatively small number of OEM customers for a large portion of our sales, and a decline in sales to major customers would materially adversely affect our business, financial condition, and results of operations.
  • We are exposed to the credit risk of some of our customers and to credit exposures in weakened markets.
  • Our business, financial condition, and results of operations could be materially adversely affected by climate change initiatives.
  • Competition in the PCB market is intense, and we could lose market share, or our profit margins may decrease, if we are unable to maintain our current competitive position in end markets using our quick-turn, high technology, and high-mix manufacturing services.
  • If we are unable to adapt our design and production processes in response to rapid technological change and process development, we may not be able to compete effectively.
  • Products we manufacture may contain design or manufacturing defects, which could result in reduced demand for our services and liability claims against us.
  • We may be unable to hire and retain sufficient qualified personnel, and the loss of any of our key executive officers could materially adversely affect our business, financial condition, and results of operations.
  • Infringement of our intellectual property rights could negatively affect us, and we may be exposed to intellectual property infringement claims from third parties that could be costly to defend, could divert management’s attention and resources, and if successful, could result in liability.
  • Foreign laws may not afford us sufficient protections for our intellectual property, and we may not be able to obtain patent protection outside of the United States.
  • We have substantial outstanding indebtedness, and our outstanding indebtedness could adversely impact our liquidity and flexibility in obtaining additional financing, our ability to fulfill our debt obligations and our financial condition and results of operations.
  • Servicing our debt requires a significant amount of cash and we may not be able to generate sufficient cash to service all of our debt and may be forced to take other actions to satisfy our obligations under our debt, which may not be successful.
  • We are subject to the requirements of the National Industrial Security Program Operating Manual (NISPOM) for our facility security clearance, which is a prerequisite to our ability to perform on classified contracts for the U.S. government.
  • We are subject to risks for the use of certain metals from “conflict minerals” originating in the Democratic Republic of the Congo.
  • Our failure to comply with the requirements of environmental laws could result in litigation, fines, revocation of permits necessary to our manufacturing processes, or debarment from our participation in federal government contracts.
  • Our international sales are subject to laws and regulations relating to corrupt practices, trade, and export controls and economic sanctions. Any non-compliance could have a material adverse effect on our business, financial condition, and results of operations.
  • We may need additional capital in the future to fund investments in our operations, refinance our indebtedness, and to maintain and grow our business, and such capital may not be available on a timely basis, on acceptable terms, or at all.
  • Outages, computer viruses, break-ins, and similar events could disrupt our operations, and breaches of our security systems may cause us to incur significant legal and financial exposure.
  • Issues arising during the upgrade of our enterprise resource planning system could affect our operating results and ability to manage our business effectively.
  • Our ability to use net operating loss carryforwards to offset future taxable income for U.S. federal, state and foreign income tax purposes is subject to limitations, and future transfers of shares of our common stock could cause us to experience an “ownership change” that could further limit our ability to utilize our net operating losses.
  • If our net earnings do not remain at or above recent levels, or we are not able to predict with a reasonable degree of probability that they will continue, we may have to record a valuation allowance against our net deferred income tax assets.
  • Unanticipated changes in our tax rates or in our assessment of the realizability of our deferred income tax assets or exposure to additional income tax liabilities could affect our business, financial condition, and results of operations.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
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