Verition Fund Management LLC Makes New $1.06 Million Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Verition Fund Management LLC acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 57,838 shares of the technology company's stock, valued at approximately $1,056,000. Verition Fund Management LLC owned approximately 0.06% of TTM Technologies as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in shares of TTM Technologies by 131.7% during the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company's stock valued at $1,471,000 after purchasing an additional 45,835 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in TTM Technologies during the second quarter valued at about $602,000. First Eagle Investment Management LLC lifted its position in shares of TTM Technologies by 14.6% in the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company's stock worth $14,080,000 after buying an additional 92,300 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of TTM Technologies during the 2nd quarter worth about $8,806,000. Finally, Quantbot Technologies LP acquired a new position in shares of TTM Technologies during the 3rd quarter valued at about $847,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a "buy" rating and issued a $30.00 target price (up from $26.00) on shares of TTM Technologies in a report on Monday.

Insiders Place Their Bets

In related 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 transaction of $125,750.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at 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 completion of the sale, the executive vice president now owns 95,341 shares of the company's stock, valued at $2,263,395.34. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,044 shares of company stock valued at $1,163,803 in the last three months. Company insiders own 1.70% of the company's stock.

TTM Technologies Stock Performance

Shares of TTM Technologies stock traded up $0.09 during trading on Monday, reaching $24.72. The company's stock had a trading volume of 708,985 shares, compared to its average volume of 747,071. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $25.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 37.46 and a beta of 1.21. The business's fifty day moving average price is $21.89 and its 200-day moving average price is $20.13.

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.