Empowered Funds LLC Boosts Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Empowered Funds LLC boosted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 545,210 shares of the technology company's stock after acquiring an additional 27,738 shares during the quarter. Empowered Funds LLC owned 0.53% of TTM Technologies worth $9,950,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of TTM Technologies by 2,130.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,069 shares of the technology company's stock valued at $392,000 after purchasing an additional 23,945 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of TTM Technologies in the first quarter worth $382,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of TTM Technologies during the second quarter worth $602,000. First Eagle Investment Management LLC increased its position in shares of TTM Technologies by 14.6% during the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company's stock worth $14,080,000 after acquiring an additional 92,300 shares during the period. Finally, Hood River Capital Management LLC acquired a new stake in shares of TTM Technologies in the second quarter valued at $8,806,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies stock in a transaction that occurred 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 transaction, the executive vice president now owns 115,296 shares of the company's stock, valued at $2,899,694.40. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Shawn A. Powers sold 7,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the sale, the executive vice president now directly owns 101,741 shares of the company's stock, valued at $2,085,690.50. The trade was a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $516,250 in the last ninety days. Insiders own 1.30% of the company's stock.

TTM Technologies Stock Down 2.8 %

TTMI stock traded down $0.67 during midday trading on Friday, reaching $23.27. 491,872 shares of the company were exchanged, compared to its average volume of 764,945. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 35.26 and a beta of 1.22. 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, Inc. has a 1-year low of $13.43 and a 1-year high of $25.49. The stock's 50-day simple moving average is $19.96 and its 200 day simple moving average is $19.41.

Analyst Ratings Changes

A number of analysts recently weighed in on TTMI shares. B. Riley upped their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC increased their price objective on shares of TTM Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Truist Financial reaffirmed a "buy" rating and set a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Finally, Stifel Nicolaus increased their target price on TTM Technologies from $19.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, August 1st.

About TTM Technologies

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.