Thrivent Financial for Lutherans Sells 330,017 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

Thrivent Financial for Lutherans lowered its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,168,000 shares of the technology company’s stock after selling 330,017 shares during the quarter. Thrivent Financial for Lutherans owned about 8.01% of TTM Technologies worth $158,704,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TTMI. Norges Bank bought a new position in shares of TTM Technologies in the fourth quarter worth $10,616,000. Allianz Asset Management GmbH grew its position in TTM Technologies by 169.2% in the fourth quarter. Allianz Asset Management GmbH now owns 137,014 shares of the technology company’s stock worth $2,166,000 after acquiring an additional 86,112 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in TTM Technologies in the fourth quarter worth $627,000. CastleKnight Management LP purchased a new position in TTM Technologies in the fourth quarter worth $1,088,000. Finally, Bridgeway Capital Management LLC grew its position in TTM Technologies by 4.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 934,498 shares of the technology company’s stock worth $14,774,000 after acquiring an additional 40,111 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Insider Buying and Selling at TTM Technologies

In related news, SVP Dale Martin Knecht sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $17.40, for a total transaction of $348,000.00. Following the completion of the sale, the senior vice president now owns 81,392 shares of the company’s stock, valued at $1,416,220.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Philip Titterton sold 21,910 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $18.99, for a total value of $416,070.90. Following the sale, the chief operating officer now owns 157,528 shares in the company, valued at $2,991,456.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dale Martin Knecht sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $17.40, for a total transaction of $348,000.00. Following the completion of the sale, the senior vice president now owns 81,392 shares in the company, valued at approximately $1,416,220.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,009 shares of company stock valued at $2,500,659. Corporate insiders own 1.30% of the company’s stock.

TTM Technologies Price Performance

TTMI stock opened at $18.16 on Friday. TTM Technologies, Inc. has a 1 year low of $11.14 and a 1 year high of $22.70. The company has a market cap of $1.85 billion, a P/E ratio of -907.55 and a beta of 1.26. The firm has a 50-day moving average of $19.33 and a 200 day moving average of $17.74. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.74.

TTM Technologies (NASDAQ:TTMI) last released its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. TTM Technologies had a net margin of 0.74% and a return on equity of 9.01%. The company had revenue of $605.10 million during the quarter, compared to the consensus estimate of $582.70 million. During the same period in the prior year, the firm earned $0.28 earnings per share. TTM Technologies’s revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts forecast that TTM Technologies, Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TTMI. 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 report on Thursday, August 1st. Needham & Company LLC upped their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial restated a “buy” rating and set a $24.00 price target (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Finally, B. Riley upped their price target 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. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $24.31.

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.