TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 30.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,643,344 shares of the technology company’s stock after selling 2,524,656 shares during the quarter. Thrivent Financial for Lutherans owned about 5.54% of TTM Technologies worth $102,991,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TTMI. Emerald Advisers LLC acquired a new position in shares of TTM Technologies in the third quarter valued at approximately $13,693,000. American Century Companies Inc. raised its holdings in TTM Technologies by 88.8% in the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after acquiring an additional 695,844 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of TTM Technologies during the 3rd quarter worth $10,120,000. Hood River Capital Management LLC acquired a new stake in shares of TTM Technologies during the second quarter worth $8,806,000. Finally, Archon Capital Management LLC purchased a new stake in shares of TTM Technologies in the first quarter valued at $3,097,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Insider Activity

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 transaction, the executive vice president now owns 101,741 shares in the company, valued at $2,085,690.50. This trade represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, the executive vice president now owns 115,296 shares of the company’s stock, valued at $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. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Stock Performance

TTMI stock opened at $23.27 on Monday. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 35.26 and a beta of 1.22. 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 stock’s fifty day moving average is $19.96 and its two-hundred day moving average is $19.44.

Analyst Upgrades and Downgrades

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