Larson Financial Group LLC Sells 3,828 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Larson Financial Group LLC cut its stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 23.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,199 shares of the technology company’s stock after selling 3,828 shares during the quarter. Larson Financial Group LLC’s holdings in TTM Technologies were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TTMI. GAMMA Investing LLC lifted its position in TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after purchasing an additional 642 shares during the last quarter. CWM LLC lifted its holdings in shares of TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,244 shares during the last quarter. Covestor Ltd lifted its holdings in shares of TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,900 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of TTM Technologies in the 2nd quarter worth approximately $64,000. Finally, nVerses Capital LLC bought a new stake in shares of TTM Technologies in the 3rd quarter worth approximately $148,000. 95.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TTMI. Stifel Nicolaus boosted 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. Needham & Company LLC boosted their price objective 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. Truist Financial reiterated a “buy” rating and set a $24.00 price target (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Finally, B. Riley upped their price target on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a report on Thursday, August 1st.

TTM Technologies Stock Down 0.4 %

Shares of TTM Technologies stock opened at $24.14 on Thursday. 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 company’s fifty day simple moving average is $20.77 and its two-hundred day simple moving average is $19.74. The company has a market cap of $2.46 billion, a P/E ratio of 36.58 and a beta of 1.22. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $25.49.

Insider Buying and Selling at TTM Technologies

In other news, EVP Shawn A. Powers sold 6,400 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares of the company’s stock, valued at $2,263,395.34. This represents a 6.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff Jankowsky sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total transaction of $121,150.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,044 shares of company stock valued at $413,803. 1.70% of the stock is currently owned by company insiders.

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.