Axa S.A. Makes New Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Axa S.A. purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 12,961 shares of the technology company's stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quadrant Capital Group LLC grew its stake in shares of TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock worth $139,000 after purchasing an additional 442 shares during the period. GAMMA Investing LLC grew its position in TTM Technologies by 27.7% during the fourth quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company's stock worth $51,000 after buying an additional 443 shares during the period. Envestnet Asset Management Inc. increased its holdings in TTM Technologies by 3.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock valued at $490,000 after buying an additional 602 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of TTM Technologies by 8.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,652 shares of the technology company's stock valued at $288,000 after acquiring an additional 940 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of TTM Technologies by 6.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock worth $423,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 95.79% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TTMI shares. Stifel Nicolaus started coverage on TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price on the stock. Truist Financial dropped their target price on shares of TTM Technologies from $38.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Needham & Company LLC upped their price target on shares of TTM Technologies from $33.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, B. Riley raised their price objective on shares of TTM Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $26.88 on Friday. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 49.78 and a beta of 1.20. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $30.41. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The company's 50-day moving average is $21.16 and its two-hundred day moving average is $23.37.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The firm had revenue of $648.67 million for the quarter, compared to analyst estimates of $621.44 million. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. TTM Technologies's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.28 earnings per share. Research analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

TTM Technologies announced that its Board of Directors has approved a stock buyback program on Friday, May 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the technology company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the transaction, the executive vice president now directly owns 95,153 shares in the company, valued at $2,506,330.02. This represents a 13.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Philip Titterton sold 24,792 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares of the company's stock, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,600 shares of company stock worth $1,310,642. 1.30% of the stock is owned by company insiders.

TTM Technologies 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.

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