State of Alaska Department of Revenue Sells 1,545 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

State of Alaska Department of Revenue decreased its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 58,179 shares of the technology company’s stock after selling 1,545 shares during the quarter. State of Alaska Department of Revenue’s holdings in TTM Technologies were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in TTM Technologies by 67.2% in the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock worth $29,000 after buying an additional 642 shares in the last quarter. CWM LLC grew its holdings in shares of TTM Technologies by 202.6% in the second quarter. CWM LLC now owns 1,858 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,244 shares in the last quarter. Headlands Technologies LLC bought a new stake in TTM Technologies during the first quarter worth approximately $37,000. Innealta Capital LLC bought a new position in TTM Technologies during the second quarter valued at $64,000. Finally, EntryPoint Capital LLC raised its position in TTM Technologies by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock worth $98,000 after purchasing an additional 3,254 shares during the period. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $22.60 on Tuesday. The stock has a market cap of $2.30 billion, a P/E ratio of 34.24 and a beta of 1.22. The stock has a 50 day moving average of $18.90 and a two-hundred day moving average of $18.76. The company has a current ratio of 2.00, a quick ratio of 1.74 and a debt-to-equity ratio of 0.59. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $23.61.

Insider Buying and Selling at TTM Technologies

In related news, EVP Daniel J. Weber sold 13,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $19.00, for a total transaction of $247,000.00. Following the transaction, the executive vice president now owns 94,488 shares of the company’s stock, valued at $1,795,272. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Shawn A. Powers sold 7,000 shares of the firm’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 transaction of $143,500.00. Following the sale, the executive vice president now owns 101,741 shares in the company, valued at approximately $2,085,690.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Weber sold 13,000 shares of TTM Technologies stock in a transaction 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 directly owns 94,488 shares of the company’s stock, valued at approximately $1,795,272. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,000 shares of company stock valued at $631,000. 1.30% of the stock is owned by company insiders.

About TTM Technologies

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.