Centiva Capital LP Acquires New Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Centiva Capital LP bought a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 43,709 shares of the technology company's stock, valued at approximately $798,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TTMI. Louisiana State Employees Retirement System raised its position in TTM Technologies by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company's stock valued at $995,000 after buying an additional 600 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of TTM Technologies by 67.2% in the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock worth $29,000 after purchasing an additional 642 shares in the last quarter. Diversified Trust Co lifted its position in shares of TTM Technologies by 2.6% in the third quarter. Diversified Trust Co now owns 25,043 shares of the technology company's stock worth $457,000 after purchasing an additional 644 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in TTM Technologies by 5.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company's stock worth $244,000 after purchasing an additional 659 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its position in TTM Technologies by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company's stock valued at $1,045,000 after purchasing an additional 821 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

TTM Technologies Stock Performance

NASDAQ TTMI traded down $0.17 on Friday, hitting $24.63. 373,599 shares of the stock were exchanged, compared to its average volume of 524,679. The company has a market capitalization of $2.51 billion, a PE ratio of 37.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. The business's fifty day moving average is $21.76 and its 200 day moving average is $20.07. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $25.49.

Insider Activity at TTM Technologies

In other news, EVP Catherine A. Gridley sold 5,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total value of $125,750.00. Following the transaction, the executive vice president now directly owns 115,296 shares of the company's stock, valued at $2,899,694.40. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $23.74, for a total transaction of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares of the company's stock, valued at $2,263,395.34. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,044 shares of company stock worth $1,163,803. Insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC lifted their target price on TTM Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, October 31st.

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.