TTM Technologies, Inc. (NASDAQ:TTMI) Stock Holdings Increased by Algert Global LLC

Algert Global LLC boosted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 48.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,176 shares of the technology company’s stock after buying an additional 105,238 shares during the quarter. Algert Global LLC owned approximately 0.32% of TTM Technologies worth $5,916,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its holdings in shares of TTM Technologies by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock valued at $995,000 after purchasing an additional 600 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after purchasing an additional 642 shares during the last quarter. Diversified Trust Co grew its holdings in shares of TTM Technologies by 2.6% during the third quarter. Diversified Trust Co now owns 25,043 shares of the technology company’s stock valued at $457,000 after purchasing an additional 644 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew 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, SummerHaven Investment Management LLC grew its holdings in shares of TTM Technologies by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 821 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

TTM Technologies Stock Performance

TTMI opened at $24.00 on Friday. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 36.36 and a beta of 1.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. TTM Technologies, Inc. has a 1-year low of $13.43 and a 1-year high of $25.49. The business has a 50 day moving average price of $20.53 and a two-hundred day moving average price of $19.64.

Insiders Place Their Bets

In other news, EVP Catherine A. Gridley sold 5,000 shares of the stock in a transaction 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 in the company, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shawn A. Powers sold 6,400 shares of the stock in a transaction 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 owns 95,341 shares of the company’s stock, valued at $2,263,395.34. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,044 shares of company stock worth $292,653 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTMI. Stifel Nicolaus upped their target price on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC increased 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. B. Riley increased their price objective on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Truist Financial reissued a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st.

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.