54,171 Shares in TTM Technologies, Inc. $TTMI Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the second quarter, Holdings Channel.com reports. The fund bought 54,171 shares of the technology company’s stock, valued at approximately $10,131,000.

A number of other hedge funds have also recently made changes to their positions in TTMI. Royal Bank of Canada boosted its holdings in shares of TTM Technologies by 66.6% in the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after purchasing an additional 10,565 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TTM Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock worth $1,232,000 after purchasing an additional 2,632 shares during the period. Goldman Sachs Group Inc. increased its holdings in TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock worth $34,989,000 after purchasing an additional 115,766 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in TTM Technologies by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock valued at $3,908,000 after purchasing an additional 13,691 shares in the last quarter. Finally, Jane Street Group LLC raised its position in TTM Technologies by 1,150.2% during the 1st quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock valued at $2,869,000 after purchasing an additional 128,700 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Insider Activity

In other TTM Technologies news, EVP Shawn A. Powers sold 9,856 shares of TTM Technologies stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $209.80, for a total transaction of $2,067,788.80. Following the completion of the transaction, the executive vice president owned 119,268 shares in the company, valued at approximately $25,022,426.40. This trade represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Douglas L. Soder sold 8,902 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $209.79, for a total value of $1,867,550.58. Following the completion of the transaction, the executive vice president directly owned 208,245 shares of the company’s stock, valued at $43,687,718.55. The trade was a 4.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 108,241 shares of company stock valued at $20,911,975 over the last quarter. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on TTM Technologies from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of TTM Technologies in a research note on Tuesday. Truist Financial upped their price objective on shares of TTM Technologies from $215.00 to $224.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of TTM Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Finally, B. Riley Financial boosted their price target on shares of TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, TTM Technologies currently has a consensus rating of “Buy” and a consensus price target of $214.25.

TTM Technologies Stock Down 1.7%

Shares of TTMI stock opened at $114.38 on Friday. The stock’s fifty day moving average price is $153.34 and its 200 day moving average price is $136.16. TTM Technologies, Inc. has a 1-year low of $39.66 and a 1-year high of $223.83. The company has a market cap of $12.05 billion, a price-to-earnings ratio of 51.52 and a beta of 2.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54.

TTM Technologies (NASDAQ:TTMI) last released its earnings results on Thursday, August 6th. The technology company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.10. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $962.04 million. TTM Technologies had a net margin of 7.01% and a return on equity of 15.67%. TTM Technologies’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. On average, research analysts expect that TTM Technologies, Inc. will post 4.26 earnings per share for the current fiscal year.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.