TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,547 shares of the technology company's stock after purchasing an additional 27,584 shares during the quarter. Deutsche Bank AG owned about 0.08% of TTM Technologies worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its position in shares of TTM Technologies by 59.8% during the third quarter. Barclays PLC now owns 407,524 shares of the technology company's stock worth $7,437,000 after buying an additional 152,456 shares during the period. KBC Group NV lifted its position in shares of TTM Technologies by 47.4% during the fourth quarter. KBC Group NV now owns 4,404 shares of the technology company's stock worth $109,000 after purchasing an additional 1,416 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of TTM Technologies in the fourth quarter valued at approximately $678,000. D Orazio & Associates Inc. purchased a new position in shares of TTM Technologies in the fourth quarter valued at approximately $1,768,000. Finally, Empowered Funds LLC grew its holdings in shares of TTM Technologies by 2.2% in the fourth quarter. Empowered Funds LLC now owns 556,986 shares of the technology company's stock valued at $13,785,000 after purchasing an additional 11,776 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, EVP Douglas L. Soder sold 24,972 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $30.00, for a total transaction of $749,160.00. Following the transaction, the executive vice president now owns 173,026 shares in the company, valued at $5,190,780. This trade represents a 12.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 10,000 shares of TTM Technologies stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the senior vice president now directly owns 76,346 shares in the company, valued at approximately $2,253,733.92. This trade represents a 11.58% 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. 1.30% of the stock is currently owned by insiders.

TTM Technologies Trading Up 0.5%

NASDAQ TTMI opened at $29.04 on Friday. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $30.41. The firm has a 50 day moving average of $22.43 and a two-hundred day moving average of $23.89. The company has a quick ratio of 1.71, a current ratio of 1.99 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.95 billion, a PE ratio of 53.78 and a beta of 1.20.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.11. The business had revenue of $648.67 million during 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 company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. As a group, research analysts expect 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 share repurchase program on Friday, May 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management 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.

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