Mitsubishi UFJ Asset Management Co. Ltd. Purchases 4,075 Shares of TTM Technologies, Inc. $TTMI

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 4.7% in the second quarter, Holdings Channel reports. The fund owned 91,672 shares of the technology company’s stock after purchasing an additional 4,075 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in TTM Technologies were worth $3,742,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in TTM Technologies by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after purchasing an additional 115,766 shares during the period. Nuveen LLC bought a new position in shares of TTM Technologies during the first quarter valued at approximately $31,763,000. Invesco Ltd. increased its holdings in TTM Technologies by 35.3% during the first quarter. Invesco Ltd. now owns 1,357,707 shares of the technology company’s stock valued at $27,847,000 after buying an additional 354,342 shares during the period. Empowered Funds LLC raised its stake in TTM Technologies by 2.6% in the first quarter. Empowered Funds LLC now owns 571,239 shares of the technology company’s stock worth $11,716,000 after buying an additional 14,253 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in TTM Technologies by 1,070.1% during the first quarter. Cubist Systematic Strategies LLC now owns 470,679 shares of the technology company’s stock worth $9,654,000 after buying an additional 430,453 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $63.10 on Friday. TTM Technologies, Inc. has a 52 week low of $15.77 and a 52 week high of $71.85. The business’s 50 day moving average price is $57.83 and its 200 day moving average price is $44.87. The company has a quick ratio of 1.72, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm has a market cap of $6.52 billion, a P/E ratio of 50.08 and a beta of 1.66.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $752.74 million during the quarter, compared to analysts’ expectations of $711.91 million. TTM Technologies had a net margin of 4.74% and a return on equity of 13.43%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. TTM Technologies has set its Q4 2025 guidance at 0.640-0.700 EPS. On average, sell-side analysts expect that TTM Technologies, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TTMI shares. B. Riley reiterated a “buy” rating on shares of TTM Technologies in a report on Thursday, October 30th. Truist Financial lifted their target price on TTM Technologies from $60.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Stifel Nicolaus increased their price target on shares of TTM Technologies from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC lifted their price objective on shares of TTM Technologies from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen lowered shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $65.50.

Insider Buying and Selling at TTM Technologies

In other news, insider Robert P. Farrell sold 3,476 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.93, for a total value of $239,600.68. Following the completion of the transaction, the insider owned 20,346 shares of the company’s stock, valued at $1,402,449.78. The trade was a 14.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Steven Spoto sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $66.95, for a total value of $66,950.00. Following the completion of the sale, the vice president owned 27,649 shares in the company, valued at $1,851,100.55. The trade was a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 52,469 shares of company stock valued at $2,341,471. Company insiders own 1.30% of the company’s stock.

TTM Technologies Profile

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.