TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,872 shares of the technology company's stock after acquiring an additional 44,833 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of TTM Technologies worth $4,378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Wyoming lifted its stake in TTM Technologies by 103.3% in the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock valued at $141,000 after buying an additional 2,900 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of TTM Technologies by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 30,448 shares of the technology company's stock valued at $754,000 after acquiring an additional 9,366 shares in the last quarter. Millennium Management LLC boosted its stake in shares of TTM Technologies by 38.9% during the fourth quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock valued at $12,886,000 after acquiring an additional 145,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TTM Technologies by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company's stock worth $1,422,000 after purchasing an additional 2,196 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in TTM Technologies during the 4th quarter worth about $539,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

TTM Technologies Trading Up 3.3%

NASDAQ TTMI traded up $1.07 during mid-day trading on Friday, hitting $33.18. The company's stock had a trading volume of 494,746 shares, compared to its average volume of 790,644. 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, Inc. has a 52-week low of $15.77 and a 52-week high of $34.00. The stock's fifty day simple moving average is $24.07 and its two-hundred day simple moving average is $24.30. The firm has a market capitalization of $3.37 billion, a P/E ratio of 61.56 and a beta of 1.20.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its 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. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The business had revenue of $648.67 million for the quarter, compared to analyst estimates of $621.44 million. During the same quarter in the previous year, the business posted $0.28 EPS. The business's quarterly revenue was up 13.8% on a year-over-year basis. Research 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 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 buy up to 3.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, insider Tom Clapprood sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $29.50, for a total transaction of $295,000.00. Following the completion of the sale, the insider now owns 34,037 shares of the company's stock, valued at approximately $1,004,091.50. This trade represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Weber sold 20,170 shares of the 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 transaction, the executive vice president now owns 74,983 shares in the company, valued at $2,212,748.33. This trade represents a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,142 shares of company stock valued at $1,934,577. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

About TTM Technologies

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.