Quest Partners LLC Buys New Shares in TTM Technologies, Inc. (NASDAQ:TTMI)

Quest Partners LLC purchased a new position in TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 37,626 shares of the technology company's stock, valued at approximately $687,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in TTM Technologies by 22.0% during the 1st quarter. Sei Investments Co. now owns 54,628 shares of the technology company's stock valued at $855,000 after buying an additional 9,851 shares in the last quarter. Russell Investments Group Ltd. increased its position in TTM Technologies by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 77,974 shares of the technology company's stock worth $1,220,000 after purchasing an additional 4,479 shares during the last quarter. ProShare Advisors LLC raised its stake in TTM Technologies by 5.9% during the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company's stock valued at $322,000 after purchasing an additional 1,150 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in TTM Technologies by 14.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 33,567 shares of the technology company's stock valued at $525,000 after purchasing an additional 4,357 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of TTM Technologies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 13,610,120 shares of the technology company's stock worth $212,998,000 after buying an additional 63,073 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Needham & Company LLC boosted their target price on TTM Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. B. Riley upped their price target on shares of TTM Technologies from $25.50 to $27.25 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Truist Financial reissued 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.

Insiders Place Their Bets

In other TTM Technologies news, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the transaction, the executive vice president now owns 115,296 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Shawn A. Powers sold 6,400 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $23.74, for a total transaction of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 12,044 shares of company stock worth $292,653 in the last three months. Corporate insiders own 1.30% of the company's stock.

TTM Technologies Trading Up 1.5 %

Shares of NASDAQ TTMI traded up $0.36 during trading hours on Friday, reaching $24.00. The stock had a trading volume of 524,411 shares, compared to its average volume of 771,015. The business's fifty day moving average price is $20.53 and its two-hundred day moving average price is $19.63. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 36.36 and a beta of 1.22. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $25.49. The company has a current ratio of 2.00, a quick ratio of 1.70 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.