TTM Technologies, Inc. (NASDAQ:TTMI) Stock Position Raised 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 lifted 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 filing with the Securities & Exchange Commission. The fund owned 176,872 shares of the technology company's stock after buying an additional 44,833 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of TTM Technologies worth $4,378,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TTMI. Franklin Resources Inc. grew its position in shares of TTM Technologies by 532.1% during the 4th quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company's stock valued at $48,454,000 after buying an additional 1,648,017 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of TTM Technologies by 391.6% during the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock valued at $24,268,000 after buying an additional 781,058 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of TTM Technologies during the 4th quarter valued at about $19,040,000. Massachusetts Financial Services Co. MA grew its position in shares of TTM Technologies by 50.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock valued at $37,971,000 after buying an additional 515,015 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TTM Technologies during the 4th quarter valued at about $8,610,000. Institutional investors own 95.79% of the company's stock.

Insider Transactions at TTM Technologies

In other news, SVP Dale Martin Knecht sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the senior vice president now directly owns 76,346 shares of the company's stock, valued at approximately $2,253,733.92. This represents a 11.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Douglas L. Soder sold 24,972 shares of the company'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 completion of the sale, the executive vice president now directly owns 173,026 shares of the company's stock, valued at approximately $5,190,780. This represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,142 shares of company stock valued at $1,934,577. Company insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Truist Financial lowered 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. Stifel Nicolaus began coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 target price for the company. B. Riley upped 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. Finally, Needham & Company LLC upped their target price 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.

TTM Technologies Stock Performance

NASDAQ TTMI traded up $1.11 on Friday, hitting $33.22. The stock had a trading volume of 927,233 shares, compared to its average volume of 794,196. TTM Technologies, Inc. has a one year low of $15.77 and a one year high of $34.00. 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 cap of $3.38 billion, a price-to-earnings ratio of 61.52 and a beta of 1.37. The company's 50-day moving average is $24.32 and its two-hundred day moving average is $24.37.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping 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 firm had revenue of $648.67 million during the quarter, compared to analysts' expectations of $621.44 million. During the same quarter in the prior year, the firm earned $0.28 EPS. TTM Technologies's quarterly revenue was up 13.8% on a year-over-year basis. On average, analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies announced that its board has approved a stock repurchase plan on Friday, May 9th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the technology company to purchase up to 3.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are 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.