Phocas Financial Corp. Invests $5.30 Million in TTM Technologies, Inc. (NASDAQ:TTMI)

Phocas Financial Corp. acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 290,524 shares of the technology company’s stock, valued at approximately $5,302,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTMI. Emerald Advisers LLC acquired a new stake in TTM Technologies during the 3rd quarter worth approximately $13,693,000. American Century Companies Inc. raised its position in shares of TTM Technologies by 88.8% during the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after acquiring an additional 695,844 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in shares of TTM Technologies in the third quarter worth approximately $10,120,000. Hood River Capital Management LLC bought a new stake in TTM Technologies in the second quarter valued at approximately $8,806,000. Finally, Archon Capital Management LLC acquired a new position in shares of TTM Technologies in the 1st quarter worth approximately $3,097,000. Institutional investors own 95.79% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $23.23 on Tuesday. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $25.49. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average is $20.09 and its 200-day moving average is $19.49. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 35.20 and a beta of 1.22.

Insider Activity

In other TTM Technologies news, EVP Catherine A. Gridley sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the completion of the sale, the executive vice president now owns 115,296 shares of the company’s stock, valued at $2,899,694.40. This represents a 4.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total transaction of $143,500.00. Following the transaction, the executive vice president now directly owns 101,741 shares in the company, valued at $2,085,690.50. This trade represents a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,400 shares of company stock worth $421,186. 1.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TTMI has been the subject of a number of analyst reports. B. Riley lifted their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their price objective on TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Truist Financial reaffirmed a “buy” rating and set 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 boosted their price target on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 1st.

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.