MML Investors Services LLC Buys Shares of 14,174 TTM Technologies, Inc. (NASDAQ:TTMI)

MML Investors Services LLC bought a new position in TTM Technologies, Inc. (NASDAQ:TTMI) in the third quarter, HoldingsChannel reports. The institutional investor bought 14,174 shares of the technology company’s stock, valued at approximately $259,000.

Other hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System increased its holdings in 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 worth $995,000 after buying an additional 600 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after acquiring an additional 642 shares during the last quarter. Diversified Trust Co grew its stake in shares of TTM Technologies by 2.6% in the third quarter. Diversified Trust Co now owns 25,043 shares of the technology company’s stock worth $457,000 after acquiring an additional 644 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings 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 during the last quarter. Finally, XTX Topco Ltd lifted its position in TTM Technologies by 8.7% during the second quarter. XTX Topco Ltd now owns 19,108 shares of the technology company’s stock valued at $371,000 after purchasing an additional 1,523 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price (up from $26.00) on shares of TTM Technologies in a research note on Monday, December 9th.

Insiders Place Their Bets

In other news, EVP Douglas L. Soder sold 5,985 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $25.00, for a total value of $149,625.00. Following the transaction, the executive vice president now owns 179,493 shares of the company’s stock, valued at $4,487,325. This trade represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shawn A. Powers sold 6,400 shares of the business’s 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 transaction, the executive vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,044 shares of company stock worth $1,163,803. Company insiders own 1.70% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $25.34 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.58 billion, a PE ratio of 38.39 and a beta of 1.21. The firm’s 50 day moving average price is $23.48 and its 200-day moving average price is $20.68. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $28.00.

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.