Mitsubishi UFJ Asset Management Co. Ltd. Trims Stake in TTM Technologies, Inc. $TTMI

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 43.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 59,634 shares of the technology company’s stock after selling 45,925 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in TTM Technologies were worth $4,211,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. raised its position in TTM Technologies by 66.4% in the 3rd quarter. Optiver Holding B.V. now owns 426 shares of the technology company’s stock worth $25,000 after purchasing an additional 170 shares during the period. Bessemer Group Inc. raised its position in TTM Technologies by 448.8% in the 3rd quarter. Bessemer Group Inc. now owns 461 shares of the technology company’s stock worth $27,000 after purchasing an additional 377 shares during the period. Rakuten Securities Inc. purchased a new stake in TTM Technologies in the 4th quarter worth about $32,000. Wolff Wiese Magana LLC purchased a new stake in TTM Technologies in the 4th quarter worth about $34,000. Finally, Danske Bank A S purchased a new stake in TTM Technologies in the 4th quarter worth about $34,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of TTM Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Stifel Nicolaus increased their price objective on shares of TTM Technologies from $108.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. B. Riley Financial reissued a “buy” rating on shares of TTM Technologies in a research report on Friday, April 24th. Needham & Company LLC increased their price objective on shares of TTM Technologies from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Truist Financial increased their price objective on shares of TTM Technologies from $115.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.50.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI opened at $162.99 on Tuesday. The firm has a market cap of $16.93 billion, a PE ratio of 88.10 and a beta of 2.11. The firm’s 50 day simple moving average is $114.32 and its 200-day simple moving average is $91.42. TTM Technologies, Inc. has a one year low of $28.05 and a one year high of $180.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.61 and a current ratio of 1.88.

TTM Technologies (NASDAQ:TTMI) last issued its earnings results on Wednesday, April 29th. The technology company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $845.98 million for the quarter, compared to analyst estimates of $789.84 million. TTM Technologies had a net margin of 6.29% and a return on equity of 13.70%. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. TTM Technologies has set its Q2 2026 guidance at 0.820-0.880 EPS. As a group, equities analysts predict that TTM Technologies, Inc. will post 3.17 EPS for the current year.

Insider Transactions at TTM Technologies

In other news, EVP Daniel J. Weber sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $93.88, for a total transaction of $1,126,560.00. Following the transaction, the executive vice president directly owned 94,621 shares of the company’s stock, valued at approximately $8,883,019.48. This trade represents a 11.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Catherine A. Gridley sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $105.94, for a total transaction of $2,118,800.00. Following the transaction, the executive vice president directly owned 78,645 shares in the company, valued at approximately $8,331,651.30. This trade represents a 20.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 88,350 shares of company stock valued at $8,797,770. 1.30% of the stock is currently owned by company insiders.

TTM Technologies 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.