Larson Financial Group LLC Cuts Stake in TTM Technologies, Inc. (NASDAQ:TTMI)

Larson Financial Group LLC trimmed its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 23.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,199 shares of the technology company’s stock after selling 3,828 shares during the quarter. Larson Financial Group LLC’s holdings in TTM Technologies were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TTMI. Vanguard Group Inc. grew its position in TTM Technologies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 13,610,120 shares of the technology company’s stock valued at $212,998,000 after purchasing an additional 63,073 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in TTM Technologies by 6.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 90,880 shares of the technology company’s stock valued at $1,421,000 after purchasing an additional 5,870 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in TTM Technologies by 6.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,144 shares of the technology company’s stock valued at $989,000 after acquiring an additional 3,592 shares during the period. Comerica Bank lifted its stake in TTM Technologies by 9.4% during the 1st quarter. Comerica Bank now owns 116,629 shares of the technology company’s stock valued at $1,825,000 after acquiring an additional 9,999 shares during the period. Finally, Cascade Investment Advisors Inc. bought a new position in TTM Technologies during the 2nd quarter valued at about $457,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

TTM Technologies Trading Down 0.4 %

TTM Technologies stock opened at $24.14 on Thursday. The firm has a 50 day moving average of $20.77 and a 200 day moving average of $19.74. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 36.58 and a beta of 1.22. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $25.49. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59.

Insider Buying and Selling

In related news, 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 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. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeff Jankowsky sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $24.23, for a total transaction of $121,150.00. Following the sale, the insider now directly owns 55,273 shares of the company’s stock, valued at approximately $1,339,264.79. This trade represents a 8.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,044 shares of company stock valued at $413,803. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.