Prudential Financial Inc. Boosts Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Prudential Financial Inc. grew its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 26.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 583,727 shares of the technology company's stock after buying an additional 123,470 shares during the period. Prudential Financial Inc. owned approximately 0.57% of TTM Technologies worth $14,447,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in shares of TTM Technologies during the third quarter worth approximately $15,314,000. Victory Capital Management Inc. raised its holdings in TTM Technologies by 391.6% in the 4th quarter. Victory Capital Management Inc. now owns 980,509 shares of the technology company's stock valued at $24,268,000 after acquiring an additional 781,058 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in TTM Technologies in the 3rd quarter valued at $6,479,000. Emerald Advisers LLC grew its holdings in shares of TTM Technologies by 42.9% during the 4th quarter. Emerald Advisers LLC now owns 1,072,133 shares of the technology company's stock worth $26,535,000 after purchasing an additional 321,853 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in TTM Technologies by 262.5% during the third quarter. Franklin Resources Inc. now owns 309,724 shares of the technology company's stock worth $5,937,000 after purchasing an additional 224,286 shares during the period. Institutional investors own 95.79% of the company's stock.

Analysts Set New Price Targets

TTMI has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $33.00 price target on shares of TTM Technologies in a research note on Friday, March 21st. Stifel Nicolaus initiated coverage on shares of TTM Technologies in a report on Tuesday, February 11th. They set a "buy" rating and a $33.00 price target on the stock.

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TTM Technologies Trading Down 1.4 %

Shares of NASDAQ:TTMI traded down $0.30 during midday trading on Monday, hitting $20.56. 222,377 shares of the stock were exchanged, compared to its average volume of 745,515. The business's 50-day moving average price is $24.12 and its 200 day moving average price is $23.01. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 38.03 and a beta of 1.19. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month 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.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Analysts predict that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Insider Activity

In other TTM Technologies news, SVP Dale Martin Knecht sold 3,848 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $100,086.48. Following the completion of the sale, the senior vice president now directly owns 86,346 shares in the company, valued at approximately $2,245,859.46. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Catherine A. Gridley sold 6,000 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $26.25, for a total value of $157,500.00. Following the completion of the transaction, the executive vice president now directly owns 125,206 shares in the company, valued at $3,286,657.50. This represents a 4.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,817 shares of company stock valued at $1,316,006. Company insiders own 1.30% of the company's stock.

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.