TTM Technologies, Inc. (NASDAQ:TTMI) Shares Sold by Atom Investors LP

Atom Investors LP lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 68.1% during the third quarter, Holdings Channel reports. The firm owned 32,306 shares of the technology company’s stock after selling 68,912 shares during the quarter. Atom Investors LP’s holdings in TTM Technologies were worth $590,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in TTM Technologies by 88.8% during the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after buying an additional 695,844 shares during the period. Loomis Sayles & Co. L P grew its position in shares of TTM Technologies by 41.7% during the third quarter. Loomis Sayles & Co. L P now owns 1,249,540 shares of the technology company’s stock worth $22,804,000 after acquiring an additional 367,608 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of TTM Technologies in the 3rd quarter valued at $18,600,000. Bank of New York Mellon Corp increased its holdings in shares of TTM Technologies by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company’s stock valued at $16,774,000 after acquiring an additional 12,789 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in TTM Technologies in the 3rd quarter valued at $15,314,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC lifted their price objective 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.

Insider Activity at TTM Technologies

In other news, EVP Douglas L. Soder sold 19,015 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $25.00, for a total value of $475,375.00. Following the completion of the sale, the executive vice president now directly owns 185,478 shares of the company’s stock, valued at $4,636,950. This trade represents a 9.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeff Jankowsky sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the transaction, the insider now directly owns 55,273 shares in the company, valued at $1,339,264.79. This represents a 8.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,059 shares of company stock worth $1,014,178 in the last three months. Insiders own 1.70% of the company’s stock.

TTM Technologies Trading Down 1.6 %

NASDAQ:TTMI opened at $24.49 on Wednesday. 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. The stock’s 50 day simple moving average is $21.27 and its 200-day simple moving average is $19.91. The firm has a market cap of $2.50 billion, a P/E ratio of 37.27 and a beta of 1.21.

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.