TTM Technologies, Inc. (NASDAQ:TTMI) Shares Purchased by Citigroup Inc.

Citigroup Inc. increased its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 45.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,707 shares of the technology company's stock after acquiring an additional 61,745 shares during the quarter. Citigroup Inc. owned approximately 0.19% of TTM Technologies worth $3,626,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TTMI. Massachusetts Financial Services Co. MA purchased a new stake in TTM Technologies during the third quarter valued at about $18,600,000. Intech Investment Management LLC bought a new stake in shares of TTM Technologies in the third quarter worth about $1,703,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in TTM Technologies by 32.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,660 shares of the technology company's stock valued at $523,000 after purchasing an additional 7,021 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of TTM Technologies in the 3rd quarter worth about $3,380,000. Finally, Phocas Financial Corp. bought a new position in TTM Technologies in the 3rd quarter valued at $5,302,000. 95.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC increased their price objective on shares of TTM Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st.

Insider Buying and Selling at TTM Technologies

In other news, EVP Catherine A. Gridley sold 5,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total transaction of $125,750.00. Following the sale, the executive vice president now owns 115,296 shares in the company, valued at approximately $2,899,694.40. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Douglas L. Soder sold 19,015 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $475,375.00. Following the completion of the sale, the executive vice president now directly owns 185,478 shares in the company, valued at approximately $4,636,950. This trade represents a 9.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,059 shares of company stock worth $1,014,178 over the last 90 days. Insiders own 1.30% of the company's stock.

TTM Technologies Price Performance

Shares of TTMI stock traded up $0.17 during mid-day trading on Thursday, reaching $24.80. The company's stock had a trading volume of 361,068 shares, compared to its average volume of 749,190. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $25.49. The company has a market cap of $2.53 billion, a P/E ratio of 37.32 and a beta of 1.21. The firm's 50-day moving average is $21.51 and its two-hundred day moving average is $19.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00.

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.