Loomis Sayles & Co. L P Grows Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Loomis Sayles & Co. L P lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 41.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,249,540 shares of the technology company's stock after acquiring an additional 367,608 shares during the period. Loomis Sayles & Co. L P owned approximately 1.23% of TTM Technologies worth $22,804,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock valued at $29,000 after acquiring an additional 642 shares during the period. CWM LLC boosted its holdings in 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 purchasing an additional 1,244 shares during the last quarter. Covestor Ltd grew its position in TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company's stock worth $36,000 after purchasing an additional 1,900 shares during the period. Innealta Capital LLC purchased a new stake in TTM Technologies during the 2nd quarter valued at $64,000. Finally, nVerses Capital LLC bought a new position in shares of TTM Technologies during the 3rd quarter valued at $148,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on TTMI shares. Stifel Nicolaus lifted 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. B. Riley boosted their price target on TTM Technologies from $25.50 to $27.25 and gave the company a "buy" rating in a research note on Thursday, August 1st. Truist Financial reiterated a "buy" rating and issued a $24.00 price objective (up previously from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Finally, Needham & Company LLC boosted their target price 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.

TTM Technologies Price Performance

TTMI stock opened at $24.23 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The company's fifty day moving average price is $20.64 and its 200-day moving average price is $19.70. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $25.49. The company has a market capitalization of $2.47 billion, a PE ratio of 36.71 and a beta of 1.22.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 5,000 shares of the firm'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 transaction, the executive vice president now directly owns 115,296 shares in the company, valued at $2,899,694.40. This trade represents a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Shawn A. Powers sold 6,400 shares of the firm's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the transaction, the executive vice president now owns 95,341 shares in the company, valued at approximately $2,263,395.34. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,044 shares of company stock worth $292,653. 1.70% of the stock is currently owned by company insiders.

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.