TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,653 shares of the technology company’s stock after selling 852 shares during the period. Yousif Capital Management LLC’s holdings in TTM Technologies were worth $772,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its holdings in TTM Technologies by 33.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,122 shares of the technology company’s stock worth $993,000 after acquiring an additional 9,980 shares during the period. Principal Financial Group Inc. lifted its position in shares of TTM Technologies by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 494,446 shares of the technology company’s stock worth $12,238,000 after purchasing an additional 13,918 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of TTM Technologies by 6.8% in the fourth quarter. Sanctuary Advisors LLC now owns 34,431 shares of the technology company’s stock valued at $846,000 after purchasing an additional 2,184 shares during the period. Venturi Wealth Management LLC acquired a new stake in TTM Technologies during the 4th quarter valued at $95,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in TTM Technologies during the 4th quarter valued at $83,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Stock Up 1.6%

Shares of NASDAQ:TTMI opened at $36.97 on Friday. The firm has a market cap of $3.76 billion, a PE ratio of 49.29 and a beta of 1.37. The company has a fifty day simple moving average of $27.49 and a 200 day simple moving average of $25.13. The company has a current ratio of 2.07, a quick ratio of 1.75 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12-month low of $15.77 and a 12-month high of $37.74.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. The company had revenue of $648.67 million during the quarter, compared to analyst estimates of $621.44 million. TTM Technologies had a net margin of 3.09% and a return on equity of 10.75%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. On average, equities research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current fiscal year.

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

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, SVP Dale Martin Knecht sold 1,140 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $34.00, for a total transaction of $38,760.00. Following the completion of the sale, the senior vice president now owns 75,206 shares in the company, valued at $2,557,004. The trade was a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Weber sold 20,170 shares of the stock in a transaction 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. This trade represents a 21.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,944 shares of company stock worth $2,235,071 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TTMI shares. B. Riley boosted their price objective on shares of TTM Technologies from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $40.00 target price (up from $33.00) on shares of TTM Technologies in a research report on Monday. Needham & Company LLC boosted their price target on TTM Technologies from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, Truist Financial increased their price target on TTM Technologies from $36.00 to $41.00 and gave the company a “buy” rating in a report on Monday, June 9th.

About TTM Technologies

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.