TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 95.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,189 shares of the technology company's stock after selling 220,019 shares during the period. Jane Street Group LLC's holdings in TTM Technologies were worth $277,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TTMI. Franklin Resources Inc. lifted its position in TTM Technologies by 532.1% in the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock valued at $48,454,000 after acquiring an additional 1,648,017 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TTM Technologies by 50.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock worth $37,971,000 after purchasing an additional 515,015 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of TTM Technologies by 5.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company's stock valued at $32,491,000 after purchasing an additional 63,230 shares during the last quarter. Portolan Capital Management LLC boosted its position in shares of TTM Technologies by 22.6% in the 4th quarter. Portolan Capital Management LLC now owns 1,301,342 shares of the technology company's stock valued at $32,208,000 after purchasing an additional 239,972 shares during the period. Finally, Northern Trust Corp boosted its position in shares of TTM Technologies by 7.8% in the 4th quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock valued at $28,700,000 after purchasing an additional 84,137 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Analyst Upgrades and Downgrades

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

TTM Technologies Trading Down 0.8%

TTMI traded down $0.26 during trading on Thursday, hitting $32.11. 1,402,647 shares of the company's stock were exchanged, compared to its average volume of 789,953. 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 price of $23.83 and a 200 day moving average price of $24.24. The firm has a market cap of $3.26 billion, a P/E ratio of 59.46 and a beta of 1.20. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58.

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

TTM Technologies announced that its board has authorized a stock buyback program on Friday, May 9th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the technology company to reacquire up to 3.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Activity

In other TTM Technologies news, insider Tom Clapprood sold 10,000 shares of TTM Technologies stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $29.50, for a total transaction of $295,000.00. Following the sale, the insider now directly owns 34,037 shares in the company, valued at $1,004,091.50. The trade was a 22.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas L. Soder sold 24,972 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 173,026 shares in the company, valued at approximately $5,190,780. The trade was a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,142 shares of company stock worth $1,934,577 over the last 90 days. Company insiders own 1.30% of the company's stock.

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.