ProShare Advisors LLC Purchases 9,366 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

ProShare Advisors LLC increased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,448 shares of the technology company's stock after purchasing an additional 9,366 shares during the quarter. ProShare Advisors LLC's holdings in TTM Technologies were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in shares of TTM Technologies by 38.9% in the fourth quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock worth $12,886,000 after buying an additional 145,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TTM Technologies by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company's stock worth $1,422,000 after buying an additional 2,196 shares during the period. LMR Partners LLP purchased a new position in shares of TTM Technologies in the fourth quarter worth $539,000. Group One Trading LLC purchased a new position in shares of TTM Technologies in the fourth quarter worth $200,000. Finally, Graham Capital Management L.P. increased its stake in shares of TTM Technologies by 47.6% in the fourth quarter. Graham Capital Management L.P. now owns 45,551 shares of the technology company's stock worth $1,127,000 after buying an additional 14,684 shares during the period. Hedge funds and other institutional investors own 95.79% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, EVP Daniel J. Weber sold 20,170 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $29.51, for a total transaction of $595,216.70. Following the sale, the executive vice president now owns 74,983 shares in the company, valued at approximately $2,212,748.33. The trade was a 21.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Douglas L. Soder sold 24,972 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $30.00, for a total transaction of $749,160.00. Following the sale, the executive vice president now owns 173,026 shares in the company, valued at approximately $5,190,780. This trade represents a 12.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,642 shares of company stock worth $1,651,737. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Trading Up 0.6%

NASDAQ:TTMI traded up $0.18 during trading hours on Wednesday, hitting $29.96. The company had a trading volume of 573,494 shares, compared to its average volume of 772,215. The company has a market capitalization of $3.04 billion, a PE ratio of 55.48 and a beta of 1.20. The stock has a 50-day moving average price of $22.83 and a 200 day moving average price of $23.97. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $30.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.99 and a quick ratio of 1.71.

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

TTM Technologies declared that its Board of Directors has initiated a stock repurchase program on Friday, May 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

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.