Empowered Funds LLC Boosts Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Empowered Funds LLC boosted its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 545,210 shares of the technology company’s stock after acquiring an additional 27,738 shares during the period. Empowered Funds LLC’s holdings in TTM Technologies were worth $9,950,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of TTM Technologies by 0.5% in the first quarter. Vanguard Group Inc. now owns 13,610,120 shares of the technology company’s stock worth $212,998,000 after purchasing an additional 63,073 shares in the last quarter. American Century Companies Inc. boosted its holdings in TTM Technologies by 88.8% in the 2nd 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. Bank of New York Mellon Corp grew its stake in 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 buying an additional 12,789 shares in the last quarter. Emerald Advisers LLC bought a new stake in TTM Technologies during the 3rd quarter valued at $13,693,000. Finally, First Eagle Investment Management LLC lifted its position in shares of TTM Technologies by 14.6% during the second quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock worth $14,080,000 after acquiring an additional 92,300 shares in the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Trading Down 2.8 %

TTMI opened at $23.27 on Friday. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $25.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. The business has a 50 day simple moving average of $19.96 and a two-hundred day simple moving average of $19.37. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 35.26 and a beta of 1.22.

Insider Activity at TTM Technologies

In other TTM Technologies news, EVP Daniel J. Weber sold 13,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $19.00, for a total transaction of $247,000.00. Following the completion of the sale, the executive vice president now directly owns 94,488 shares in the company, valued at approximately $1,795,272. This trade represents a 12.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of the 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 sale, the executive vice president now owns 115,296 shares in the company, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $516,250 in the last three months. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

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