187,169 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 187,169 shares of the technology company's stock, valued at approximately $4,632,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.18% of TTM Technologies as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TTMI. Northern Trust Corp increased its holdings in shares of TTM Technologies by 7.8% during the 4th quarter. Northern Trust Corp now owns 1,159,576 shares of the technology company's stock worth $28,700,000 after buying an additional 84,137 shares during the last quarter. Victory Capital Management Inc. boosted its position in TTM Technologies by 391.6% in 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. Emerald Mutual Fund Advisers Trust boosted its position in TTM Technologies by 5.0% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 582,525 shares of the technology company's stock valued at $14,417,000 after buying an additional 27,980 shares during the last quarter. Deutsche Bank AG boosted its position in TTM Technologies by 46.8% in the 4th quarter. Deutsche Bank AG now owns 86,547 shares of the technology company's stock valued at $2,142,000 after buying an additional 27,584 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of TTM Technologies by 33.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company's stock worth $993,000 after purchasing an additional 9,980 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TTMI shares. Stifel Nicolaus started coverage on shares of TTM Technologies in a research report on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target on the stock. B. Riley increased their price target 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. Truist Financial reduced their price target on shares of TTM Technologies from $38.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Needham & Company LLC increased 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.

Insider Buying and Selling at TTM Technologies

In related news, EVP Daniel J. Weber sold 20,170 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dale Martin Knecht sold 10,000 shares of the firm'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 transaction of $295,200.00. Following the transaction, the senior vice president now owns 76,346 shares in the company, valued at $2,253,733.92. This represents a 11.58% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,142 shares of company stock worth $1,934,577. 1.30% of the stock is owned by company insiders.

TTM Technologies Stock Performance

TTMI traded down $0.26 on Thursday, hitting $32.11. 1,402,647 shares of the company's stock were exchanged, compared to its average volume of 791,675. The firm has a market cap of $3.26 billion, a PE ratio of 59.46 and a beta of 1.20. TTM Technologies, Inc. has a twelve month low of $15.77 and a twelve month high of $34.00. The stock has a fifty day moving average of $24.07 and a two-hundred day moving average of $24.30. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. The firm had revenue of $648.67 million for the quarter, compared to analyst estimates of $621.44 million. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. TTM Technologies's quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. On average, research analysts anticipate 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 buyback program 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 stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is 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.