Allspring Global Investments Holdings LLC Has $126,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Allspring Global Investments Holdings LLC reduced its stake in TTM Technologies, Inc. (NASDAQ:TTMI) by 36.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,080 shares of the technology company’s stock after selling 5,318 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TTM Technologies were worth $126,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TTMI. Ameritas Advisory Services LLC acquired a new position in shares of TTM Technologies in the first quarter valued at $28,000. Lazard Asset Management LLC bought a new stake in shares of TTM Technologies in the fourth quarter valued at about $101,000. Captrust Financial Advisors boosted its position in shares of TTM Technologies by 5.2% in the second quarter. Captrust Financial Advisors now owns 13,221 shares of the technology company’s stock valued at $165,000 after acquiring an additional 658 shares during the period. Engineers Gate Manager LP bought a new stake in shares of TTM Technologies in the third quarter valued at about $165,000. Finally, Quadrature Capital Ltd bought a new stake in shares of TTM Technologies in the third quarter valued at about $174,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of TTM Technologies from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. TheStreet cut shares of TTM Technologies from a “b-” rating to a “c” rating in a research report on Wednesday, September 20th. Truist Financial raised shares of TTM Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $16.50 in a research report on Thursday, November 2nd. Finally, StockNews.com raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.17.

TTM Technologies Trading Up 4.4 %

TTMI opened at $14.62 on Wednesday. TTM Technologies, Inc. has a twelve month low of $11.13 and a twelve month high of $17.46. The company has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $13.45. The company has a quick ratio of 1.67, a current ratio of 1.97 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -50.41 and a beta of 1.37.

Insider Transactions at TTM Technologies

In other news, EVP Shawn A. Powers sold 10,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $14.95, for a total value of $149,500.00. Following the completion of the transaction, the executive vice president now owns 85,807 shares of the company’s stock, valued at $1,282,814.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.30% of the company’s stock.

About TTM Technologies

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale engineered 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.