UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in TTM Technologies, Inc. $TTMI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 44.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 259,306 shares of the technology company’s stock after acquiring an additional 79,341 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of TTM Technologies worth $48,495,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of TTM Technologies by 66.6% during the 1st quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock worth $543,000 after purchasing an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in TTM Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock valued at $1,232,000 after buying an additional 2,632 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in TTM Technologies by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after buying an additional 115,766 shares during the last quarter. Jane Street Group LLC boosted its stake in TTM Technologies by 1,150.2% during the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after buying an additional 128,700 shares during the period. Finally, Focus Partners Wealth increased its position in shares of TTM Technologies by 1.1% during the first quarter. Focus Partners Wealth now owns 31,944 shares of the technology company’s stock valued at $655,000 after acquiring an additional 343 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TTMI shares. Stifel Nicolaus boosted their price target on shares of TTM Technologies from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday. B. Riley Financial boosted their target price on TTM Technologies from $182.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of TTM Technologies in a research note on Tuesday, August 18th. Finally, Weiss Ratings cut TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $214.25.

Insider Buying and Selling

In other news, CEO Edwin Roks bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $111.77 per share, for a total transaction of $1,117,700.00. Following the completion of the purchase, the chief executive officer owned 64,814 shares in the company, valued at approximately $7,244,260.78. This trade represents a 18.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas L. Soder sold 2,874 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $208.94, for a total value of $600,493.56. Following the completion of the transaction, the executive vice president directly owned 210,634 shares in the company, valued at $44,009,867.96. This trade represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 108,241 shares of company stock worth $20,911,975. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Trading Up 0.2%

TTMI opened at $115.60 on Thursday. TTM Technologies, Inc. has a 12 month low of $45.10 and a 12 month high of $223.83. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 52.07 and a beta of 2.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.78 and a quick ratio of 1.54. The business has a fifty day moving average price of $136.64 and a 200 day moving average price of $137.36.

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

About TTM Technologies

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.