15,241 Shares in TTM Technologies, Inc. (NASDAQ:TTMI) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,241 shares of the technology company’s stock, valued at approximately $278,000.

Several other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its stake in shares of TTM Technologies by 2,130.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,069 shares of the technology company’s stock valued at $392,000 after purchasing an additional 23,945 shares during the period. Sei Investments Co. increased its position in shares of TTM Technologies by 22.0% during the first quarter. Sei Investments Co. now owns 54,628 shares of the technology company’s stock valued at $855,000 after buying an additional 9,851 shares during the period. Headlands Technologies LLC purchased a new stake in shares of TTM Technologies in the first quarter worth about $37,000. Russell Investments Group Ltd. boosted its position in shares of TTM Technologies by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 77,974 shares of the technology company’s stock valued at $1,220,000 after acquiring an additional 4,479 shares during the period. Finally, ProShare Advisors LLC grew its stake in TTM Technologies by 5.9% during the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock valued at $322,000 after acquiring an additional 1,150 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Price Performance

Shares of TTM Technologies stock opened at $23.27 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $25.49. The business’s 50 day simple moving average is $19.96 and its two-hundred day simple moving average is $19.37. The stock has a market capitalization of $2.37 billion, a P/E ratio of 35.26 and a beta of 1.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their target price 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 objective (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. B. Riley lifted their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC lifted 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.

Insider Transactions at TTM Technologies

In related news, EVP Daniel J. Weber sold 13,000 shares of TTM Technologies stock in a transaction on Monday, August 19th. The shares were sold at an average price of $19.00, for a total value of $247,000.00. Following the sale, the executive vice president now owns 94,488 shares in the company, valued at $1,795,272. The trade was a 12.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Catherine A. Gridley sold 5,000 shares of the business’s stock in a transaction 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 directly owns 115,296 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 25,000 shares of company stock worth $516,250. Insiders own 1.30% of the company’s stock.

About TTM Technologies

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.