TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,159,576 shares of the technology company's stock after acquiring an additional 84,137 shares during the quarter. Northern Trust Corp owned about 1.14% of TTM Technologies worth $28,700,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TTMI. Boothbay Fund Management LLC increased its position in TTM Technologies by 131.1% during the 4th quarter. Boothbay Fund Management LLC now owns 52,398 shares of the technology company's stock worth $1,297,000 after purchasing an additional 29,729 shares during the period. Hood River Capital Management LLC lifted its holdings in TTM Technologies by 7.0% in the fourth quarter. Hood River Capital Management LLC now owns 615,278 shares of the technology company's stock valued at $15,228,000 after acquiring an additional 40,231 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in shares of TTM Technologies during the 4th quarter worth $19,040,000. Price T Rowe Associates Inc. MD grew its stake in shares of TTM Technologies by 10.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 78,571 shares of the technology company's stock worth $1,945,000 after purchasing an additional 7,622 shares during the period. Finally, Susquehanna International Group LLP increased its holdings in shares of TTM Technologies by 376.1% in the 4th quarter. Susquehanna International Group LLP now owns 83,209 shares of the technology company's stock valued at $2,059,000 after purchasing an additional 65,733 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of TTM Technologies stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.01, for a total value of $100,086.48. Following the transaction, the senior vice president now owns 86,346 shares in the company, valued at $2,245,859.46. This trade represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Weber sold 15,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.34, for a total value of $395,100.00. Following the sale, the executive vice president now owns 95,153 shares of the company's stock, valued at approximately $2,506,330.02. The trade was a 13.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,978 shares of company stock worth $1,567,375 in the last 90 days. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TTMI shares. B. Riley upped their price target on TTM Technologies from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Needham & Company LLC raised their price target on TTM Technologies from $33.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Truist Financial decreased their price objective 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, Stifel Nicolaus initiated 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.

TTM Technologies Price Performance

TTM Technologies stock traded down $0.15 during mid-day trading on Wednesday, hitting $29.65. 1,107,804 shares of the company were exchanged, compared to its average volume of 766,963. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $30.62. The company has a market capitalization of $3.01 billion, a P/E ratio of 54.91 and a beta of 1.20. The business's 50 day simple moving average is $21.41 and its two-hundred day simple moving average is $23.51. 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 (NASDAQ:TTMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The business had revenue of $648.67 million during the quarter, compared to the consensus estimate of $621.44 million. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. 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 initiated a stock repurchase 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 typically an indication that the company's leadership believes its shares are undervalued.

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.