TTM Technologies, Inc. (NASDAQ:TTMI) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC boosted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 131.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,631 shares of the technology company’s stock after purchasing an additional 45,835 shares during the period. Natixis Advisors LLC’s holdings in TTM Technologies were worth $1,471,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Emerald Advisers LLC bought a new stake in shares of TTM Technologies in the 3rd quarter worth $13,693,000. American Century Companies Inc. boosted its stake in TTM Technologies by 88.8% during the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after buying an additional 695,844 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in TTM Technologies during the third quarter worth about $10,120,000. Hood River Capital Management LLC bought a new stake in TTM Technologies in the second quarter worth about $8,806,000. Finally, Algert Global LLC lifted its holdings in TTM Technologies by 137.5% in the 2nd quarter. Algert Global LLC now owns 218,938 shares of the technology company’s stock valued at $4,254,000 after acquiring an additional 126,748 shares during the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

TTM Technologies Stock Performance

Shares of TTMI opened at $23.99 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $25.49. The company’s fifty day moving average is $20.64 and its 200-day moving average is $19.70. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 36.35 and a beta of 1.22.

Insider Activity

In related news, EVP Shawn A. Powers sold 6,400 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $23.74, for a total transaction of $151,936.00. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the transaction, the executive vice president now owns 115,296 shares of the company’s stock, valued at approximately $2,899,694.40. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,044 shares of company stock valued at $292,653 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

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.