Phocas Financial Corp. Takes Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Phocas Financial Corp. purchased a new position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 290,524 shares of the technology company’s stock, valued at approximately $5,302,000. Phocas Financial Corp. owned about 0.28% of TTM Technologies at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. GAMMA Investing LLC increased its holdings in TTM Technologies by 67.2% in 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 increased its stake in TTM Technologies by 202.6% in the second 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 in the last quarter. Covestor Ltd boosted its position in shares of TTM Technologies by 3,220.3% during the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,900 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of TTM Technologies in the 2nd quarter valued at $64,000. Finally, EntryPoint Capital LLC increased its position 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 valued at $98,000 after buying an additional 3,254 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Truist Financial restated a “buy” rating and issued a $24.00 price target (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Needham & Company LLC lifted their price target 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 increased their price objective on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus upped their target price on shares of 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 Stock Down 0.2 %

NASDAQ:TTMI opened at $23.23 on Tuesday. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 35.20 and a beta of 1.22. 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 twelve month low of $13.43 and a twelve month high of $25.49. The stock’s 50 day moving average price is $20.09 and its two-hundred day moving average price is $19.49.

Insider Buying and Selling at TTM Technologies

In related 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 value of $125,750.00. Following the transaction, the executive vice president now directly owns 115,296 shares of the company’s stock, valued at $2,899,694.40. This trade represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies 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 completion of the transaction, the executive vice president now owns 95,341 shares in the company, valued at approximately $2,263,395.34. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,400 shares of company stock valued at $421,186 in the last three months. 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.