ProShare Advisors LLC Has $754,000 Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

ProShare Advisors LLC raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 44.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,448 shares of the technology company's stock after acquiring an additional 9,366 shares during the quarter. ProShare Advisors LLC's holdings in TTM Technologies were worth $754,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in TTM Technologies by 8.5% during the fourth quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock valued at $139,000 after purchasing an additional 442 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of TTM Technologies by 3.1% during the 4th 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 during the period. Pictet Asset Management Holding SA grew its holdings 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 in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of TTM Technologies by 6.2% in the fourth 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 last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TTM Technologies by 1.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,822 shares of the technology company's stock worth $1,542,000 after acquiring an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Stock Performance

TTMI traded down $0.11 during trading on Friday, hitting $29.77. The stock had a trading volume of 94,073 shares, compared to its average volume of 771,037. The firm has a market cap of $3.03 billion, a PE ratio of 55.15 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, Inc. has a 12 month low of $15.77 and a 12 month high of $30.41. The company has a 50 day simple moving average of $23.10 and a 200-day simple moving average of $24.05.

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

TTM Technologies announced that its board has authorized a stock buyback 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 buy up to 3.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Insider Transactions at TTM Technologies

In other news, SVP Dale Martin Knecht sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 in the company, valued at approximately $2,253,733.92. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Weber sold 20,170 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $29.51, for a total transaction of $595,216.70. Following the transaction, the executive vice president now owns 74,983 shares of the company's stock, valued at approximately $2,212,748.33. This represents a 21.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,142 shares of company stock worth $1,639,577. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.