Deutsche Bank AG lifted its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 46.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,547 shares of the technology company's stock after acquiring 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.
Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in TTM Technologies by 8.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock worth $139,000 after purchasing an additional 442 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of TTM Technologies by 3.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,797 shares of the technology company's stock valued at $490,000 after purchasing an additional 602 shares during the period. Pictet Asset Management Holding SA raised its stake in 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. raised its stake in shares of TTM Technologies by 6.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,100 shares of the technology company's stock valued at $423,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of TTM Technologies by 1.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,822 shares of the technology company's stock worth $1,542,000 after buying an additional 1,002 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.
Analyst Ratings Changes
TTMI has been the subject of several research analyst reports. B. Riley upped their price objective on TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Truist Financial decreased their price target on TTM Technologies from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus assumed coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price on the stock. Finally, Needham & Company LLC raised their price target 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.
Check Out Our Latest Stock Report on TTM Technologies
TTM Technologies Price Performance
TTMI traded up $0.05 during trading on Wednesday, hitting $29.83. The company's stock had a trading volume of 79,478 shares, compared to its average volume of 770,291. The firm's 50 day moving average price is $22.83 and its two-hundred day moving average price is $23.97. 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 $3.03 billion, a price-to-earnings ratio of 55.27 and a beta of 1.20. TTM Technologies, Inc. has a 12 month low of $15.77 and a 12 month high of $30.41.
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 (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $621.44 million. During the same period in the previous year, the business posted $0.28 earnings per share. The firm's revenue for the quarter was up 13.8% compared to the same quarter last year. Sell-side analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share 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 outstanding shares. This repurchase authorization allows the technology company to purchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
Insider Activity
In other TTM Technologies news, EVP Douglas L. Soder sold 24,972 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $30.00, for a total value of $749,160.00. Following the transaction, the executive vice president now directly owns 173,026 shares in the company, valued at approximately $5,190,780. This trade represents a 12.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Weber sold 20,170 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $29.51, for a total value of $595,216.70. Following the transaction, the executive vice president now directly owns 74,983 shares in the company, valued at $2,212,748.33. This trade represents a 21.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,642 shares of company stock valued at $1,651,737 over the last three months. 1.30% of the stock is owned by insiders.
TTM Technologies Company Profile
(
Free Report)
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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