Loomis Sayles & Co. L P Grows Stock Holdings in TTM Technologies, Inc. (NASDAQ:TTMI)

Loomis Sayles & Co. L P lifted its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 41.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,249,540 shares of the technology company’s stock after purchasing an additional 367,608 shares during the period. Loomis Sayles & Co. L P owned 1.23% of TTM Technologies worth $22,804,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TTMI. Dynamic Technology Lab Private Ltd purchased a new stake in TTM Technologies in the 3rd quarter worth approximately $282,000. Algert Global LLC lifted its stake in TTM Technologies by 48.1% in the third quarter. Algert Global LLC now owns 324,176 shares of the technology company’s stock worth $5,916,000 after acquiring an additional 105,238 shares during the period. Citigroup Inc. boosted its holdings in TTM Technologies by 45.1% in the third quarter. Citigroup Inc. now owns 198,707 shares of the technology company’s stock valued at $3,626,000 after acquiring an additional 61,745 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in TTM Technologies during the 3rd quarter valued at $18,600,000. Finally, Intech Investment Management LLC bought a new position in TTM Technologies in the 3rd quarter worth $1,703,000. 95.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Shawn A. Powers sold 6,400 shares of the stock in a transaction on Friday, November 15th. The stock was 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 approximately $2,263,395.34. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Catherine A. Gridley sold 5,000 shares of the firm’s stock in a transaction 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 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 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,044 shares of company stock worth $292,653 in the last 90 days. Insiders own 1.70% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $24.23 on Wednesday. The company has a 50 day simple moving average of $20.64 and a two-hundred day simple moving average of $19.70. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $25.49. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 36.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00.

Analyst Ratings Changes

TTMI has been the topic of a number of research reports. Needham & Company LLC lifted their target price on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. B. Riley upped their target price on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a report on Thursday, August 1st. Truist Financial restated a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Finally, Stifel Nicolaus upped 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.

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.