Algert Global LLC Has $5.92 Million Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Algert Global LLC raised its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 48.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 324,176 shares of the technology company’s stock after buying an additional 105,238 shares during the quarter. Algert Global LLC’s holdings in TTM Technologies were worth $5,916,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. UniSuper Management Pty Ltd purchased a new stake in shares of TTM Technologies during the first quarter worth $382,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of TTM Technologies during the 2nd quarter worth about $602,000. First Eagle Investment Management LLC lifted its holdings in shares of TTM Technologies by 14.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock valued at $14,080,000 after buying an additional 92,300 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in shares of TTM Technologies during the 2nd quarter valued at about $8,806,000. Finally, Natixis Advisors LLC bought a new stake in shares of TTM Technologies in the 2nd quarter valued at approximately $676,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In other TTM Technologies news, EVP Shawn A. Powers sold 6,400 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Catherine A. Gridley sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 115,296 shares in the company, valued at $2,899,694.40. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,044 shares of company stock valued at $292,653 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TTMI has been the topic of several recent research reports. Needham & Company LLC raised their price objective on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus upped their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Truist Financial reissued a “buy” rating and set a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Finally, B. Riley upped their price target on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

TTM Technologies Stock Up 1.5 %

Shares of TTMI stock opened at $24.00 on Friday. The stock’s 50 day simple moving average is $20.53 and its 200 day simple moving average is $19.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $25.49. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 36.36 and a beta of 1.22.

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.