Algert Global LLC Raises Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Algert Global LLC raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 48.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,176 shares of the technology company's stock after purchasing an additional 105,238 shares during the quarter. Algert Global LLC owned approximately 0.32% of TTM Technologies worth $5,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in TTM Technologies by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock worth $29,000 after buying an additional 642 shares during the period. CWM LLC grew its position 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 raised its stake in shares of TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company's stock valued at $36,000 after purchasing an additional 1,900 shares during the period. Innealta Capital LLC bought a new position in TTM Technologies in the 2nd quarter worth about $64,000. Finally, nVerses Capital LLC purchased a new position in TTM Technologies during the 3rd quarter valued at about $148,000. Hedge funds and other institutional investors own 95.79% of the company's stock.

Wall Street Analyst Weigh In

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

TTM Technologies Price Performance

Shares of NASDAQ TTMI traded up $0.36 during mid-day trading on Friday, reaching $24.00. 524,411 shares of the company were exchanged, compared to its average volume of 771,015. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $25.49. The company's 50 day moving average price is $20.53 and its 200 day moving average price is $19.64. The stock has a market capitalization of $2.45 billion, a PE ratio of 36.36 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.

Insider Buying and Selling at TTM Technologies

In other news, EVP Catherine A. Gridley sold 5,000 shares of the business's 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 completion of the sale, the executive vice president now owns 115,296 shares of the company's stock, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Shawn A. Powers sold 6,400 shares of the firm'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 transaction, the executive vice president now owns 95,341 shares in the company, 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 12,044 shares of company stock worth $292,653 over the last ninety days. Insiders own 1.30% of the company's stock.

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.