Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,822 shares of the technology company’s stock after buying an additional 1,002 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in TTM Technologies were worth $1,542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. increased its stake in TTM Technologies by 45.1% in the third quarter. Citigroup Inc. now owns 198,707 shares of the technology company’s stock valued at $3,626,000 after purchasing an additional 61,745 shares during the last quarter. FMR LLC lifted its holdings in shares of TTM Technologies by 67.0% in the 3rd quarter. FMR LLC now owns 14,338 shares of the technology company’s stock valued at $262,000 after purchasing an additional 5,750 shares during the last quarter. Verition Fund Management LLC purchased a new position in TTM Technologies during the 3rd quarter worth approximately $1,056,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in TTM Technologies during the third quarter worth approximately $143,000. Finally, ClearAlpha Technologies LP purchased a new stake in TTM Technologies in the third quarter valued at approximately $252,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TTMI shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 target price on shares of TTM Technologies in a report on Friday, March 21st. Stifel Nicolaus began coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 target price for the company.

TTM Technologies Stock Up 1.0 %

TTMI stock opened at $20.71 on Wednesday. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99. The company has a fifty day moving average of $23.91 and a 200-day moving average of $23.05. The stock has a market capitalization of $2.10 billion, a PE ratio of 38.35 and a beta of 1.19.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. As a group, analysts expect that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling

In related news, SVP Dale Martin Knecht sold 3,848 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $100,086.48. Following the sale, the senior vice president now owns 86,346 shares of the company’s stock, valued at approximately $2,245,859.46. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Philip Titterton sold 24,792 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the transaction, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at approximately $4,026,415.68. This trade represents a 13.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,817 shares of company stock valued at $1,316,006 over the last quarter. Company insiders own 1.30% of the company’s stock.

TTM Technologies Company 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.