TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Prospect Capital Advisors LLC

Prospect Capital Advisors LLC lessened its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 231,750 shares of the technology company's stock after selling 65,350 shares during the period. TTM Technologies makes up about 3.3% of Prospect Capital Advisors LLC's portfolio, making the stock its 15th largest holding. Prospect Capital Advisors LLC owned approximately 0.23% of TTM Technologies worth $5,736,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of TTM Technologies during the 4th quarter valued at approximately $25,000. Smartleaf Asset Management LLC grew its stake in shares of TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company's stock worth $35,000 after buying an additional 1,220 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of TTM Technologies by 808.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,181 shares of the technology company's stock worth $79,000 after buying an additional 2,831 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of TTM Technologies in the 4th quarter valued at $83,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of TTM Technologies during the 4th quarter valued at $89,000. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Trading Up 0.4%

Shares of TTM Technologies stock traded up $0.13 during midday trading on Tuesday, reaching $29.55. The company had a trading volume of 98,503 shares, compared to its average volume of 766,979. The stock has a fifty day moving average price of $21.99 and a 200 day moving average price of $23.77. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $30.41. The firm has a market cap of $3.00 billion, a PE ratio of 54.73 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 (NASDAQ:TTMI - Get Free Report) last posted 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 company had revenue of $648.67 million during the quarter, compared to analysts' expectations of $621.44 million. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. TTM Technologies's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 earnings per share. On average, equities analysts anticipate that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

TTM Technologies announced that its Board of Directors has approved a share buyback plan on Friday, May 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the technology company to buy up to 3.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Insider Activity

In related news, EVP Daniel J. Weber sold 15,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the transaction, the executive vice president now directly owns 95,153 shares of the company's stock, valued at $2,506,330.02. This represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas L. Soder sold 24,972 shares of TTM Technologies 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 completion of the sale, the executive vice president now directly owns 173,026 shares of the company's stock, valued at approximately $5,190,780. This trade represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 74,490 shares of company stock valued at $2,146,923 in the last ninety days. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TTMI has been the subject of several research reports. B. Riley increased 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. Truist Financial dropped their price objective on shares of TTM Technologies from $38.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, May 1st. 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 on the stock. Finally, Needham & Company LLC upped their price target on shares of TTM Technologies from $33.00 to $35.00 and gave the company a "buy" rating in a research report 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.