TTM Technologies, Inc. (NASDAQ:TTMI) Stock Position Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 30.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 0.06% of TTM Technologies worth $102,991,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TTMI. Emerald Advisers LLC acquired a new position in TTM Technologies during the third quarter valued at $13,693,000. American Century Companies Inc. grew its stake in TTM Technologies by 88.8% during 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 in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in shares of TTM Technologies in the 3rd quarter valued at about $10,120,000. Hood River Capital Management LLC purchased a new stake in shares of TTM Technologies in the second quarter worth approximately $8,806,000. Finally, Archon Capital Management LLC purchased a new position in TTM Technologies during the first quarter valued at approximately $3,097,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TTMI shares. Needham & Company LLC lifted 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. B. Riley boosted their target price on 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 reaffirmed a “buy” rating and issued a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price target on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

TTM Technologies Trading Down 2.8 %

Shares of NASDAQ:TTMI 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 firm has a fifty day moving average price of $19.96 and a 200 day moving average price of $19.44. 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 has a market capitalization of $2.37 billion, a PE ratio of 35.26 and a beta of 1.22.

Insider Activity

In other news, EVP Shawn A. Powers sold 7,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the sale, the executive vice president now directly owns 101,741 shares in the company, valued at approximately $2,085,690.50. The trade was a 6.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of the company’s 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 sale, the executive vice president now directly owns 115,296 shares of the company’s stock, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

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.