Universal Beteiligungs und Servicegesellschaft mbH Sells 46,073 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 24.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 141,096 shares of the technology company's stock after selling 46,073 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of TTM Technologies worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. USA Financial Formulas raised its holdings in TTM Technologies by 119.1% in the 1st quarter. USA Financial Formulas now owns 2,237 shares of the technology company's stock valued at $46,000 after acquiring an additional 1,216 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after purchasing an additional 2,831 shares during the last quarter. Meeder Asset Management Inc. bought a new position in TTM Technologies during the fourth quarter worth about $89,000. CWM LLC lifted its holdings in TTM Technologies by 14.4% during the first quarter. CWM LLC now owns 4,501 shares of the technology company's stock worth $92,000 after acquiring an additional 567 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of TTM Technologies by 8.5% in the 4th quarter. Quadrant Capital Group LLC now owns 5,620 shares of the technology company's stock valued at $139,000 after purchasing an additional 442 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TTM Technologies

In other TTM Technologies news, COO Philip Titterton sold 23,486 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $36.39, for a total value of $854,655.54. Following the sale, the chief operating officer owned 123,338 shares in the company, valued at approximately $4,488,269.82. This represents a 16.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Douglas L. Soder sold 24,972 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $30.00, for a total transaction of $749,160.00. Following the sale, the executive vice president owned 173,026 shares in the company, valued at approximately $5,190,780. The trade was a 12.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,226 shares of company stock valued at $3,504,492 over the last three months. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI traded down $3.91 during mid-day trading on Friday, reaching $43.34. 5,240,548 shares of the company were exchanged, compared to its average volume of 1,213,698. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $51.15. The company has a quick ratio of 1.75, a current ratio of 2.07 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $4.40 billion, a PE ratio of 48.16 and a beta of 1.46. The company's 50 day moving average price is $39.40 and its 200 day moving average price is $28.96.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The firm had revenue of $730.62 million during the quarter, compared to the consensus estimate of $668.42 million. TTM Technologies had a net margin of 3.52% and a return on equity of 11.93%. The company's quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. 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 approved a share buyback plan on Friday, May 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

TTMI has been the subject of a number of research analyst reports. B. Riley lifted their price target on TTM Technologies from $36.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Truist Financial increased their price objective on TTM Technologies from $41.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 7th. Stifel Nicolaus increased their price objective on shares of TTM Technologies from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen downgraded TTM Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Finally, Needham & Company LLC lifted their target price on shares of TTM Technologies from $43.00 to $56.00 and gave the stock a "buy" rating in a research report on Thursday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $52.25.

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.