Barclays PLC Purchases 152,456 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Barclays PLC boosted its position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 59.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 407,524 shares of the technology company's stock after purchasing an additional 152,456 shares during the quarter. Barclays PLC owned about 0.40% of TTM Technologies worth $7,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TTMI. American Century Companies Inc. increased its position in shares of TTM Technologies by 88.8% in the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company's stock worth $28,745,000 after purchasing an additional 695,844 shares during the period. Wellington Management Group LLP boosted its position in shares of TTM Technologies by 1.3% during the 3rd quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company's stock worth $25,453,000 after acquiring an additional 18,027 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in TTM Technologies by 41.7% in the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company's stock valued at $22,804,000 after acquiring an additional 367,608 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in TTM Technologies during the third quarter valued at approximately $18,600,000. Finally, Bank of New York Mellon Corp lifted its stake in TTM Technologies by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company's stock worth $16,774,000 after purchasing an additional 12,789 shares during the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Insider Buying and Selling

In other news, EVP Douglas L. Soder sold 19,015 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total transaction of $475,375.00. Following the completion of the transaction, the executive vice president now owns 185,478 shares of the company's stock, valued at approximately $4,636,950. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Catherine A. Gridley sold 5,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total transaction of $125,750.00. Following the completion of the sale, the executive vice president now directly owns 115,296 shares in the company, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,044 shares of company stock worth $1,163,803 in the last 90 days. Insiders own 1.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reissued a "buy" rating and set a $30.00 price target (up previously from $26.00) on shares of TTM Technologies in a report on Monday, December 9th.

TTM Technologies Price Performance

TTM Technologies stock traded down $0.23 during mid-day trading on Thursday, reaching $24.73. The company had a trading volume of 505,552 shares, compared to its average volume of 745,827. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $28.00. The company has a market cap of $2.52 billion, a P/E ratio of 37.47 and a beta of 1.21. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $22.91 and a 200 day simple moving average of $20.46.

TTM Technologies Company 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.