TTM Technologies, Inc. (NASDAQ:TTMI) Stake Lessened by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 95.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,189 shares of the technology company's stock after selling 220,019 shares during the quarter. Jane Street Group LLC's holdings in TTM Technologies were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TTMI. Smartleaf Asset Management LLC grew its holdings in TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after buying an additional 1,220 shares in the last quarter. Sterling Capital Management LLC grew its holdings in TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after buying an additional 2,831 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in TTM Technologies in the 4th quarter worth approximately $83,000. Meeder Asset Management Inc. bought a new position in TTM Technologies in the 4th quarter worth approximately $89,000. Finally, Venturi Wealth Management LLC bought a new position in TTM Technologies in the 4th quarter worth approximately $95,000. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other TTM Technologies news, SVP Dale Martin Knecht sold 10,000 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the senior vice president now directly owns 76,346 shares of the company's stock, valued at $2,253,733.92. The trade was a 11.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas L. Soder sold 24,972 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $30.00, for a total value of $749,160.00. Following the completion of the sale, the executive vice president now owns 173,026 shares of the company's stock, valued at $5,190,780. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,142 shares of company stock valued at $1,934,577. 1.30% of the stock is owned by corporate insiders.

TTM Technologies Price Performance

TTMI traded up $1.11 during trading on Friday, reaching $33.22. The stock had a trading volume of 927,233 shares, compared to its average volume of 794,196. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 61.52 and a beta of 1.37. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $34.00. The stock has a 50 day moving average of $24.32 and a two-hundred day moving average of $24.37.

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

TTM Technologies announced that its board has initiated a share buyback plan on Friday, May 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the technology company to buy up to 3.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

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.