TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Atom Investors LP

Atom Investors LP lessened its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 68.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,306 shares of the technology company's stock after selling 68,912 shares during the period. Atom Investors LP's holdings in TTM Technologies were worth $590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTMI. Price T Rowe Associates Inc. MD increased its holdings in shares of TTM Technologies by 6.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,144 shares of the technology company's stock worth $989,000 after purchasing an additional 3,592 shares in the last quarter. Comerica Bank increased its holdings in shares of TTM Technologies by 9.4% in the 1st quarter. Comerica Bank now owns 116,629 shares of the technology company's stock worth $1,825,000 after purchasing an additional 9,999 shares in the last quarter. CWM LLC increased its holdings in shares of TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company's stock worth $36,000 after purchasing an additional 1,244 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of TTM Technologies in the 2nd quarter worth $602,000. Finally, Diversified Trust Co increased its holdings in shares of TTM Technologies by 8.7% in the 2nd quarter. Diversified Trust Co now owns 24,399 shares of the technology company's stock worth $474,000 after purchasing an additional 1,954 shares in the last quarter. Institutional investors own 95.79% of the company's stock.

TTM Technologies Stock Performance

NASDAQ TTMI traded up $0.14 on Wednesday, hitting $24.63. 399,428 shares of the company traded hands, compared to its average volume of 750,848. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 37.11 and a beta of 1.21. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The business's 50 day moving average price is $21.39 and its 200-day moving average price is $19.96. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $25.49.

Analysts Set New Price Targets

Separately, Needham & Company LLC raised their price target on TTM Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st.

Insider Activity at TTM Technologies

In other 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 transaction of $475,375.00. Following the transaction, the executive vice president now owns 185,478 shares of the company's stock, valued at approximately $4,636,950. This represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Catherine A. Gridley sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total value of $125,750.00. Following the transaction, the executive vice president now directly owns 115,296 shares in the company, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,059 shares of company stock worth $1,014,178. Corporate insiders own 1.30% of the company's stock.

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.