Mutual of America Capital Management LLC Increases Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Mutual of America Capital Management LLC lifted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 26.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,281 shares of the technology company’s stock after buying an additional 48,346 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TTM Technologies were worth $4,221,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 642 shares during the last quarter. CWM LLC increased its position 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 worth $36,000 after purchasing an additional 1,244 shares during the last quarter. Covestor Ltd increased its position in shares of TTM Technologies by 3,220.3% in the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,900 shares during the last quarter. Innealta Capital LLC bought a new position in shares of TTM Technologies in the second quarter worth approximately $64,000. Finally, EntryPoint Capital LLC increased its position in shares of TTM Technologies by 108.1% in the first 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 last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Catherine A. Gridley sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 115,296 shares of the company’s stock, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Shawn A. Powers sold 6,400 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares of the company’s stock, valued at approximately $2,263,395.34. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,044 shares of company stock valued at $292,653. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

TTM Technologies Stock Performance

NASDAQ:TTMI opened at $23.64 on Friday. The firm has a market cap of $2.41 billion, a PE ratio of 35.82 and a beta of 1.22. 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 debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The business has a 50 day moving average price of $20.41 and a 200-day moving average price of $19.58.

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.