1,019,151 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Purchased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,019,151 shares of the technology company's stock, valued at approximately $18,600,000. Massachusetts Financial Services Co. MA owned 1.00% of TTM Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC purchased a new stake in shares of TTM Technologies in the 2nd quarter worth $602,000. Natixis Advisors LLC increased its position in TTM Technologies by 131.7% in the third quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company's stock worth $1,471,000 after buying an additional 45,835 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of TTM Technologies by 14.6% in the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company's stock worth $14,080,000 after buying an additional 92,300 shares during the period. Hood River Capital Management LLC purchased a new position in shares of TTM Technologies during the 2nd quarter valued at about $8,806,000. Finally, Emerald Advisers LLC bought a new position in shares of TTM Technologies during the 3rd quarter valued at approximately $13,693,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related 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 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. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing 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 that occurred on Friday, November 15th. The stock was sold at an average price of $23.74, for a total value of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares in the company, valued at $2,263,395.34. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,044 shares of company stock worth $292,653. 1.30% of the stock is currently owned by insiders.

TTM Technologies Price Performance

TTMI stock traded up $0.24 during mid-day trading on Tuesday, hitting $24.23. The company had a trading volume of 432,334 shares, compared to its average volume of 758,314. The company has a 50-day moving average price of $20.64 and a 200 day moving average price of $19.70. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $25.49. The company has a market capitalization of $2.47 billion, a price-to-earnings 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.

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.