First Trust Advisors LP Grows Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

First Trust Advisors LP lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 74.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,453 shares of the technology company's stock after purchasing an additional 40,164 shares during the period. First Trust Advisors LP owned 0.09% of TTM Technologies worth $2,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted 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 worth $48,454,000 after buying an additional 1,648,017 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of TTM Technologies by 391.6% during the fourth quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock valued at $24,268,000 after acquiring an additional 781,058 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in TTM Technologies by 50.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company's stock worth $37,971,000 after acquiring an additional 515,015 shares during the period. Norges Bank purchased a new position in TTM Technologies in the fourth quarter worth $8,610,000. Finally, Emerald Advisers LLC grew its stake in TTM Technologies by 42.9% in the 4th quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company's stock valued at $26,535,000 after purchasing an additional 321,853 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Price Performance

NASDAQ:TTMI traded up $0.80 during mid-day trading on Wednesday, hitting $25.93. 1,191,302 shares of the stock traded hands, compared to its average volume of 763,598. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $30.41. 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 company has a market cap of $2.64 billion, a PE ratio of 48.02 and a beta of 1.20. The business's 50-day moving average price is $21.01 and its 200 day moving average price is $23.23.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly 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 return on equity of 9.74% and a net margin of 2.30%. The firm had revenue of $648.67 million for the quarter, compared to analysts' expectations of $621.44 million. During the same quarter last year, the firm posted $0.28 EPS. The company's revenue was up 13.8% compared to the same quarter last year. On average, analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Catherine A. Gridley sold 6,000 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the sale, the executive vice president now owns 125,206 shares in the company, valued at $3,286,657.50. The trade was a 4.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the transaction, the chief operating officer now owns 157,528 shares in the company, valued at $4,026,415.68. The trade was a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,628 shares of company stock worth $1,311,482. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TTMI shares. Stifel Nicolaus assumed coverage on TTM Technologies in a research note on Tuesday, February 11th. They set a "buy" rating and a $33.00 target price on the stock. Truist Financial decreased their price target on shares of TTM Technologies from $38.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Needham & Company LLC raised their target price on TTM Technologies from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, B. Riley increased their price target on TTM Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a research note 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.