Creative Planning Raises Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Creative Planning raised its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 20.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,409 shares of the technology company’s stock after purchasing an additional 3,420 shares during the period. Creative Planning’s holdings in TTM Technologies were worth $372,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in TTM Technologies by 67.2% during the 3rd 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 boosted its stake in TTM Technologies by 202.6% during the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,244 shares during the last quarter. Headlands Technologies LLC purchased a new stake in TTM Technologies during the 1st quarter valued at $37,000. Innealta Capital LLC purchased a new stake in TTM Technologies during the 2nd quarter valued at $64,000. Finally, EntryPoint Capital LLC boosted its stake in TTM Technologies by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock valued at $98,000 after purchasing an additional 3,254 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

TTM Technologies Stock Performance

Shares of TTMI opened at $25.24 on Friday. The business has a 50-day simple moving average of $19.23 and a two-hundred day simple moving average of $18.97. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $25.47. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 38.24 and a beta of 1.22.

Insider Buying and Selling

In other TTM Technologies news, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies 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 transaction, the executive vice president now owns 115,296 shares of the company’s stock, valued at $2,899,694.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Daniel J. Weber sold 13,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $18.50, for a total value of $240,500.00. Following the completion of the transaction, the executive vice president now owns 107,488 shares of the company’s stock, valued at $1,988,528. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total value of $125,750.00. Following the sale, the executive vice president now directly owns 115,296 shares in the company, valued at $2,899,694.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,000 shares of company stock valued at $756,750. 1.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. B. Riley raised their price target on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus raised their price target on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Truist Financial restated a “buy” rating and issued a $24.00 price target (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Finally, Needham & Company LLC raised their price target on TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

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.