Franklin Resources Inc. Has $5.94 Million Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Franklin Resources Inc. boosted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 262.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,724 shares of the technology company's stock after buying an additional 224,286 shares during the period. Franklin Resources Inc. owned approximately 0.30% of TTM Technologies worth $5,937,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its holdings in shares of TTM Technologies by 15.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,247 shares of the technology company's stock worth $589,000 after buying an additional 4,316 shares in the last quarter. Virtu Financial LLC bought a new position in TTM Technologies in the third quarter valued at about $197,000. Geode Capital Management LLC raised its stake in TTM Technologies by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company's stock worth $44,491,000 after acquiring an additional 30,738 shares in the last quarter. Barclays PLC lifted its holdings in shares of TTM Technologies by 59.8% in the third quarter. Barclays PLC now owns 407,524 shares of the technology company's stock worth $7,437,000 after acquiring an additional 152,456 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of TTM Technologies in the 3rd quarter valued at approximately $218,000. 95.79% of the stock is owned by institutional investors.

TTM Technologies Trading Up 0.6 %

TTM Technologies stock traded up $0.14 during trading hours on Monday, hitting $24.95. The stock had a trading volume of 360,384 shares, compared to its average volume of 750,887. The business's 50 day simple moving average is $23.15 and its 200-day simple moving average is $20.56. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $28.00. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 37.80 and a beta of 1.21. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59.

Insider Activity

In related news, EVP Douglas L. Soder sold 19,015 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $25.00, for a total value of $475,375.00. Following the sale, the executive vice president now directly owns 185,478 shares in the company, valued at $4,636,950. This represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeff Jankowsky sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $24.23, for a total value of $121,150.00. Following the completion of the sale, the insider now owns 55,273 shares in the company, valued at $1,339,264.79. The trade was a 8.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,044 shares of company stock valued at $1,163,803 over the last quarter. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reiterated a "buy" rating and set a $30.00 price objective (up from $26.00) on shares of TTM Technologies in a research report on Monday, December 9th.

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.