TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Covestor Ltd

Covestor Ltd grew its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 3,220.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,959 shares of the technology company’s stock after buying an additional 1,900 shares during the quarter. Covestor Ltd’s holdings in TTM Technologies were worth $36,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Louisiana State Employees Retirement System lifted its holdings in shares of TTM Technologies by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock valued at $995,000 after buying an additional 600 shares during the period. GAMMA Investing LLC lifted its holdings in shares of TTM Technologies by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after buying an additional 642 shares during the period. Diversified Trust Co lifted its holdings in shares of TTM Technologies by 2.6% in the 3rd quarter. Diversified Trust Co now owns 25,043 shares of the technology company’s stock valued at $457,000 after buying an additional 644 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of TTM Technologies by 5.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after buying an additional 659 shares during the period. Finally, SummerHaven Investment Management LLC lifted its holdings in shares of TTM Technologies by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock valued at $1,045,000 after buying an additional 821 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

TTM Technologies Price Performance

NASDAQ:TTMI opened at $23.27 on Friday. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $25.49. The stock has a 50 day moving average of $19.96 and a two-hundred day moving average of $19.37. 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 firm has a market cap of $2.37 billion, a P/E ratio of 35.26 and a beta of 1.22.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TTMI. Needham & Company LLC upped their price target on TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. B. Riley upped their price target on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their price target on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st.

Insiders Place Their Bets

In other news, EVP Shawn A. Powers sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the sale, the executive vice president now directly owns 101,741 shares in the company, valued at $2,085,690.50. This represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Weber sold 13,000 shares of the company’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 value of $247,000.00. Following the completion of the sale, the executive vice president now owns 94,488 shares of the company’s stock, valued at $1,795,272. This trade represents a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock worth $516,250. 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.