Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in TTMI. Smartleaf Asset Management LLC lifted its stake in TTM Technologies by 670.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock valued at $35,000 after acquiring an additional 1,220 shares during the last quarter. Sterling Capital Management LLC lifted its stake in TTM Technologies by 808.9% in the 4th quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock valued at $79,000 after purchasing an additional 2,831 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in TTM Technologies during the fourth quarter worth about $83,000. Meeder Asset Management Inc. acquired a new position in TTM Technologies during the fourth quarter worth approximately $89,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of TTM Technologies during the 4th quarter worth approximately $95,000. 95.79% of the stock is owned by institutional investors.

TTM Technologies Price Performance

TTMI stock traded up $2.55 during midday trading on Tuesday, reaching $32.39. The company had a trading volume of 2,488,447 shares, compared to its average volume of 781,696. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 59.98 and a beta of 1.20. 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 1-year low of $15.77 and a 1-year high of $33.20. The stock has a 50 day moving average price of $23.39 and a 200-day moving average price of $24.13.

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

TTM Technologies declared that its board has authorized a stock buyback 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 reacquire up to 3.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Douglas L. Soder sold 24,972 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 173,026 shares in the company, valued at $5,190,780. The trade was a 12.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dale Martin Knecht sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $29.52, for a total value of $295,200.00. Following the transaction, the senior vice president now directly owns 76,346 shares in the company, valued at approximately $2,253,733.92. This trade represents a 11.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,142 shares of company stock worth $1,934,577 in the last 90 days. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus began coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price for the company. B. Riley upped their target price on TTM Technologies from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Needham & Company LLC lifted their price target on TTM Technologies from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, Truist Financial decreased 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 note on Thursday, May 1st.

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.