Quest Partners LLC Makes New $687,000 Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

Quest Partners LLC bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 37,626 shares of the technology company’s stock, valued at approximately $687,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in TTM Technologies by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock worth $995,000 after buying an additional 600 shares during the period. GAMMA Investing LLC raised its position 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 worth $29,000 after acquiring an additional 642 shares in the last quarter. Diversified Trust Co lifted its stake 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 purchasing an additional 644 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of TTM Technologies by 5.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after purchasing an additional 659 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in TTM Technologies by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 821 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total transaction of $125,750.00. Following the sale, the executive vice president now directly owns 115,296 shares in the company, valued at approximately $2,899,694.40. This trade represents a 4.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies stock in a transaction 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 directly owns 95,341 shares of the company’s stock, valued at approximately $2,263,395.34. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,044 shares of company stock worth $292,653. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TTMI shares. B. Riley raised their price objective on TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC lifted their price target on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Truist Financial restated a “buy” rating and issued a $24.00 price objective (up previously from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Finally, Stifel Nicolaus raised their target price 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.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $24.00 on Friday. The company has a market capitalization of $2.45 billion, a PE ratio of 36.36 and a beta of 1.22. The business has a fifty day moving average price of $20.53 and a 200-day moving average price of $19.63. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $25.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70.

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.