Versor Investments LP Increases Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Versor Investments LP lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI - Free Report) by 254.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,300 shares of the technology company's stock after acquiring an additional 35,400 shares during the quarter. Versor Investments LP's holdings in TTM Technologies were worth $900,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TTMI. GAMMA Investing LLC raised 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 purchasing an additional 642 shares during the period. CWM LLC raised its stake in shares of TTM Technologies by 202.6% during the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company's stock worth $36,000 after buying an additional 1,244 shares during the period. Covestor Ltd lifted its position 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 buying an additional 1,900 shares in the last quarter. Headlands Technologies LLC acquired a new stake in TTM Technologies in the 1st quarter valued at $37,000. Finally, Innealta Capital LLC purchased a new stake in TTM Technologies in the 2nd quarter worth $64,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TTM Technologies

In other news, EVP Shawn A. Powers sold 7,000 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the transaction, the executive vice president now owns 101,741 shares of the company's stock, valued at approximately $2,085,690.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Daniel J. Weber sold 13,000 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $19.00, for a total transaction of $247,000.00. Following the completion of the sale, the executive vice president now owns 94,488 shares in the company, valued at $1,795,272. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Shawn A. Powers sold 7,000 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the transaction, the executive vice president now owns 101,741 shares in the company, valued at $2,085,690.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $516,250. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

TTM Technologies Price Performance

TTMI stock traded down $0.91 during mid-day trading on Wednesday, reaching $24.25. The company's stock had a trading volume of 447,851 shares, compared to its average volume of 767,290. The stock has a market cap of $2.47 billion, a PE ratio of 36.74 and a beta of 1.22. The company's 50 day moving average is $19.72 and its two-hundred day moving average is $19.29. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two 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.