Massachusetts Financial Services Co. MA Takes $18.60 Million Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Massachusetts Financial Services Co. MA purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,019,151 shares of the technology company’s stock, valued at approximately $18,600,000. Massachusetts Financial Services Co. MA owned about 1.00% of TTM Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TTMI. Emerald Advisers LLC purchased a new position in shares of TTM Technologies in the 3rd quarter worth approximately $13,693,000. American Century Companies Inc. lifted its holdings 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 acquiring an additional 695,844 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in TTM Technologies in the third quarter worth $10,120,000. Hood River Capital Management LLC bought a new position in TTM Technologies in the 2nd quarter valued at $8,806,000. Finally, Phocas Financial Corp. purchased a new stake in shares of TTM Technologies during the 3rd quarter valued at $5,302,000. 95.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price target on shares of 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 target price on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus lifted their price target 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. Finally, Truist Financial reiterated a “buy” rating and issued a $24.00 price objective (up previously from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st.

Insider Buying and Selling

In related news, EVP Catherine A. Gridley sold 5,000 shares of the business’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 transaction of $125,750.00. Following the completion of the transaction, the executive vice president now owns 115,296 shares of the company’s stock, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shawn A. Powers sold 6,400 shares of the company’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 transaction of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares in the company, 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. In the last ninety days, insiders sold 12,044 shares of company stock valued at $292,653. Company insiders own 1.70% of the company’s stock.

TTM Technologies Price Performance

TTMI opened at $23.99 on Tuesday. The firm has a 50-day moving average price of $20.64 and a 200-day moving average price of $19.70. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $25.49. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 36.35 and a beta of 1.22.

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.