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

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 187,169 shares of the technology company’s stock, valued at approximately $4,632,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in TTM Technologies by 670.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after buying an additional 1,220 shares during the period. Sterling Capital Management LLC increased its holdings 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 buying an additional 2,831 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in TTM Technologies in the 4th quarter valued at about $83,000. Meeder Asset Management Inc. bought a new position in TTM Technologies in the 4th quarter valued at about $89,000. Finally, Venturi Wealth Management LLC bought a new position in TTM Technologies in the 4th quarter valued at about $95,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $29.52, for a total transaction of $295,200.00. Following the sale, the senior vice president now directly owns 76,346 shares of the company’s stock, valued at $2,253,733.92. The trade was a 11.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Weber sold 20,170 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $29.51, for a total transaction of $595,216.70. Following the sale, the executive vice president now directly owns 74,983 shares in the company, valued at $2,212,748.33. The trade was a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,142 shares of company stock valued at $1,639,577. 1.30% of the stock is owned by insiders.

TTM Technologies Trading Down 0.6%

Shares of TTM Technologies stock opened at $29.71 on Monday. The firm has a market capitalization of $3.02 billion, a PE ratio of 55.02 and a beta of 1.20. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $23.24 and its 200 day moving average is $24.08. TTM Technologies, Inc. has a 1 year low of $15.77 and a 1 year high of $30.41.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. The company had revenue of $648.67 million for the quarter, compared to analyst estimates of $621.44 million. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. Equities research analysts forecast that TTM Technologies, Inc. will post 1.76 earnings per share for the current fiscal year.

TTM Technologies declared that its Board of Directors has initiated a share buyback program on Friday, May 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 3.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.