Louisiana State Employees Retirement System Cuts Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Louisiana State Employees Retirement System cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,300 shares of the technology company’s stock after selling 1,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in TTM Technologies were worth $900,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TTMI. GAMMA Investing LLC grew 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 buying an additional 642 shares during the period. CWM LLC grew its position in shares of 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 acquiring an additional 1,244 shares during the period. Headlands Technologies LLC purchased a new stake in shares of TTM Technologies during the 1st quarter worth approximately $37,000. Innealta Capital LLC purchased a new stake in shares of TTM Technologies during the 2nd quarter worth approximately $64,000. Finally, EntryPoint Capital LLC raised its holdings in shares of TTM Technologies by 108.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock worth $98,000 after purchasing an additional 3,254 shares during the period. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Price Performance

Shares of NASDAQ TTMI opened at $22.09 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.74 and a current ratio of 2.00. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week high of $23.61. The stock has a market cap of $2.25 billion, a PE ratio of 33.47 and a beta of 1.22. The stock has a fifty day moving average of $18.90 and a 200-day moving average of $18.73.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TTMI shares. Needham & Company LLC increased their price objective on TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. B. Riley lifted their price objective 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 reaffirmed a “buy” rating and set a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Finally, Stifel Nicolaus increased their target price on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Insiders Place Their Bets

In other news, EVP Daniel J. Weber sold 13,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $18.50, for a total value of $240,500.00. Following the sale, the executive vice president now directly owns 107,488 shares of the company’s stock, valued at approximately $1,988,528. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Daniel J. Weber sold 13,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $18.50, for a total value of $240,500.00. Following the transaction, the executive vice president now owns 107,488 shares of the company’s stock, valued at approximately $1,988,528. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $20.50, for a total value of $143,500.00. Following the sale, the executive vice president now directly owns 101,741 shares of the company’s stock, valued at $2,085,690.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,000 shares of company stock worth $631,000 in the last quarter. 1.30% of the stock is owned by company insiders.

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.