Needham Investment Management LLC Has $9.35 Million Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Needham Investment Management LLC lessened its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 512,500 shares of the technology company’s stock after selling 16,300 shares during the quarter. Needham Investment Management LLC owned approximately 0.50% of TTM Technologies worth $9,353,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of TTMI. Centiva Capital LP bought a new position in shares of TTM Technologies during the 3rd quarter worth approximately $798,000. ClearAlpha Technologies LP acquired a new stake in TTM Technologies during the 3rd quarter worth approximately $252,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in TTM Technologies during the 3rd quarter worth approximately $143,000. Point72 Hong Kong Ltd acquired a new stake in TTM Technologies during the 3rd quarter worth approximately $15,314,000. Finally, Verition Fund Management LLC acquired a new position in TTM Technologies in the 3rd quarter valued at $1,056,000. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Down 2.7 %

NASDAQ:TTMI traded down $0.68 on Tuesday, hitting $24.20. The stock had a trading volume of 41,365 shares, compared to its average volume of 750,065. The business’s fifty day moving average is $21.14 and its 200 day moving average is $19.87. The company has a market cap of $2.47 billion, a PE ratio of 37.70 and a beta of 1.21. 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 52 week low of $13.43 and a 52 week high of $25.49.

Insider Buying and Selling

In other news, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies stock in a transaction on Friday, November 15th. The shares were 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 $2,263,395.34. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,044 shares of company stock worth $413,803. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC boosted their price target on TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

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.