TTM Technologies, Inc. (NASDAQ:TTMI) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 41.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,597 shares of the technology company's stock after purchasing an additional 25,775 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of TTM Technologies worth $1,797,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TTMI. LPL Financial LLC raised its holdings in TTM Technologies by 27.8% in the 4th quarter. LPL Financial LLC now owns 25,997 shares of the technology company's stock worth $643,000 after purchasing an additional 5,661 shares during the period. Wells Fargo & Company MN grew its position in shares of TTM Technologies by 12.8% in the fourth quarter. Wells Fargo & Company MN now owns 77,007 shares of the technology company's stock valued at $1,906,000 after purchasing an additional 8,757 shares in the last quarter. Envestnet Asset Management Inc. grew its position 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 in the last quarter. Bank of Montreal Can acquired a new stake in TTM Technologies during the fourth quarter worth $282,000. Finally, Renaissance Technologies LLC acquired a new stake in TTM Technologies during the fourth quarter worth $1,219,000. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Price Performance

Shares of TTM Technologies stock traded down $0.82 during trading on Friday, hitting $41.80. 3,586,606 shares of the company were exchanged, compared to its average volume of 2,883,624. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $51.15. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 46.44 and a beta of 1.48. The firm has a 50 day moving average price of $42.36 and a 200 day moving average price of $30.41.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.06. The company had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. TTM Technologies had a return on equity of 11.80% and a net margin of 3.52%. TTM Technologies's revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. On average, equities analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies announced that its Board of Directors has authorized a share repurchase program on Friday, May 9th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to repurchase up to 3.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, SVP Dale Martin Knecht sold 7,662 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $34.16, for a total transaction of $261,733.92. Following the completion of the sale, the senior vice president directly owned 67,544 shares in the company, valued at $2,307,303.04. This represents a 10.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Tom Clapprood sold 15,000 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.68, for a total transaction of $670,200.00. Following the sale, the insider directly owned 23,531 shares of the company's stock, valued at approximately $1,051,365.08. This trade represents a 38.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 71,568 shares of company stock valued at $2,697,400. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TTMI shares. Wall Street Zen raised TTM Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Truist Financial lifted their target price on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. B. Riley raised their price target on TTM Technologies from $36.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Stifel Nicolaus raised their price target on TTM Technologies from $40.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC reiterated a "buy" rating and set a $56.00 target price on shares of TTM Technologies in a research report on Friday. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $52.25.

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.