Phocas Financial Corp. Purchases New Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Phocas Financial Corp. purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 290,524 shares of the technology company's stock, valued at approximately $5,302,000. Phocas Financial Corp. owned approximately 0.28% of TTM Technologies at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TTMI. GAMMA Investing LLC raised its position in TTM Technologies by 67.2% during the third 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 in the last quarter. CWM LLC raised its stake 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 valued at $36,000 after purchasing an additional 1,244 shares in the last quarter. Covestor Ltd lifted its stake in TTM Technologies by 3,220.3% during the third 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 bought a new stake in TTM Technologies in the second quarter valued at $64,000. Finally, EntryPoint Capital LLC grew its holdings in shares of TTM Technologies by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company's stock worth $98,000 after purchasing an additional 3,254 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TTM Technologies

In other news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies 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 sale, the executive vice president now directly owns 101,741 shares in the company, valued at $2,085,690.50. This trade represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 115,296 shares in the company, valued at $2,899,694.40. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,044 shares of company stock valued at $436,153. 1.70% of the stock is owned by insiders.

TTM Technologies Stock Up 0.9 %

TTMI traded up $0.21 during trading on Tuesday, reaching $23.44. The company had a trading volume of 128,872 shares, compared to its average volume of 759,919. The company has a market cap of $2.39 billion, a P/E ratio of 35.20 and a beta of 1.22. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $25.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. The business's fifty day moving average price is $20.09 and its 200 day moving average price is $19.49.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTMI. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Truist Financial reissued a "buy" rating and issued a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Needham & Company LLC raised their price objective on shares of TTM Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, B. Riley increased their price target on shares of TTM Technologies from $25.50 to $27.25 and gave the company a "buy" rating in a research report on Thursday, August 1st.

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.