TTM Technologies, Inc. (NASDAQ:TTMI) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in TTM Technologies, Inc. (NASDAQ:TTMIGet Rating) by 57.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,093 shares of the technology company’s stock after acquiring an additional 9,535 shares during the period. ProShare Advisors LLC’s holdings in TTM Technologies were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TTMI. Morgan Stanley increased its position in TTM Technologies by 65.4% in the 3rd quarter. Morgan Stanley now owns 1,644,669 shares of the technology company’s stock valued at $20,673,000 after acquiring an additional 650,465 shares during the period. American Century Companies Inc. increased its position in TTM Technologies by 2,199.4% during the 4th quarter. American Century Companies Inc. now owns 365,137 shares of the technology company’s stock worth $5,441,000 after purchasing an additional 349,257 shares during the period. BlackRock Inc. increased its position in TTM Technologies by 1.9% during the 3rd quarter. BlackRock Inc. now owns 16,591,624 shares of the technology company’s stock worth $208,556,000 after purchasing an additional 302,809 shares during the period. Invesco Ltd. increased its position in TTM Technologies by 20.1% during the 3rd quarter. Invesco Ltd. now owns 1,772,409 shares of the technology company’s stock worth $22,280,000 after purchasing an additional 297,059 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in TTM Technologies during the 4th quarter worth approximately $2,937,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Several equities analysts have issued reports on TTMI shares. Zacks Investment Research upgraded TTM Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th. Truist Financial cut TTM Technologies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $16.00 to $14.00 in a research report on Thursday, February 10th. StockNews.com upgraded TTM Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Finally, TheStreet upgraded TTM Technologies from a “c” rating to a “b-” rating in a report on Thursday, March 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $15.33.

Shares of NASDAQ:TTMI opened at $14.01 on Friday. TTM Technologies, Inc. has a one year low of $9.76 and a one year high of $15.89. The stock has a market cap of $1.42 billion, a PE ratio of 20.01 and a beta of 1.57. The business’s fifty day moving average price is $13.97 and its two-hundred day moving average price is $13.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.21 and a current ratio of 2.44.

TTM Technologies (NASDAQ:TTMIGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. TTM Technologies had a return on equity of 7.72% and a net margin of 3.25%. The company had revenue of $581.26 million for the quarter, compared to analyst estimates of $560.37 million. During the same quarter in the prior year, the company posted ($0.03) EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities research analysts predict that TTM Technologies, Inc. will post 1.13 earnings per share for the current fiscal year.

About TTM Technologies (Get Rating)

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.

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Institutional Ownership by Quarter for TTM Technologies (NASDAQ:TTMI)

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