Intech Investment Management LLC bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 93,328 shares of the technology company's stock, valued at approximately $1,703,000. Intech Investment Management LLC owned 0.09% of TTM Technologies as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted 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 buying an additional 642 shares during the period. CWM LLC boosted its position in shares of TTM Technologies by 202.6% in the second quarter. CWM LLC now owns 1,858 shares of the technology company's stock worth $36,000 after buying an additional 1,244 shares during the period. Covestor Ltd boosted its position in shares of TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company's stock worth $36,000 after buying an additional 1,900 shares during the period. Innealta Capital LLC acquired a new stake in shares of TTM Technologies in the second quarter worth $64,000. Finally, nVerses Capital LLC purchased a new stake in shares of TTM Technologies during the third quarter worth $148,000. Institutional investors and hedge funds own 95.79% of the company's stock.
Insiders Place Their Bets
In related news, EVP Catherine A. Gridley sold 5,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 115,296 shares of the company's stock, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shawn A. Powers sold 6,400 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $23.74, for a total value of $151,936.00. Following the transaction, the executive vice president now directly owns 95,341 shares of the company's stock, valued at $2,263,395.34. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,044 shares of company stock valued at $292,653 over the last quarter. Insiders own 1.70% of the company's stock.
TTM Technologies Stock Up 1.0 %
Shares of NASDAQ:TTMI traded up $0.24 on Tuesday, reaching $24.23. The company had a trading volume of 432,334 shares, compared to its average volume of 758,314. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $25.49. The stock has a 50-day moving average price of $20.64 and a 200 day moving average price of $19.70. The stock has a market capitalization of $2.47 billion, a P/E ratio of 36.71 and a beta of 1.22. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Needham & Company LLC increased their price objective on TTM Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on TTM Technologies from $19.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Truist Financial reiterated a "buy" rating and set a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Finally, B. Riley increased their price objective on TTM Technologies from $25.50 to $27.25 and gave the stock a "buy" rating in a report on Thursday, August 1st.
Read Our Latest Report on TTMI
About TTM Technologies
(
Free Report)
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.
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