Amalgamated Bank Has $552,000 Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Amalgamated Bank cut its holdings in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 2.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,256 shares of the technology company’s stock after selling 848 shares during the quarter. Amalgamated Bank’s holdings in TTM Technologies were worth $552,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TTMI. Vanguard Group Inc. grew its holdings in TTM Technologies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 13,610,120 shares of the technology company’s stock valued at $212,998,000 after buying an additional 63,073 shares in the last quarter. American Century Companies Inc. grew its holdings in TTM Technologies by 88.8% in the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after buying an additional 695,844 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in TTM Technologies by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 863,309 shares of the technology company’s stock valued at $16,774,000 after buying an additional 12,789 shares in the last quarter. Emerald Advisers LLC acquired a new position in TTM Technologies in the 3rd quarter valued at $13,693,000. Finally, First Eagle Investment Management LLC grew its holdings in TTM Technologies by 14.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock valued at $14,080,000 after buying an additional 92,300 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TTM Technologies

In related news, EVP Daniel J. Weber sold 13,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $19.00, for a total value of $247,000.00. Following the sale, the executive vice president now directly owns 94,488 shares of the company’s stock, valued at $1,795,272. This trade represents a 12.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Catherine A. Gridley sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 115,296 shares in the company, valued at $2,899,694.40. This trade represents a 4.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $516,250 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on TTMI. Truist Financial reaffirmed a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a report on Thursday, August 1st. Stifel Nicolaus raised their price target on 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 raised their price target on TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, B. Riley raised their price target on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

TTM Technologies Stock Down 2.8 %

Shares of NASDAQ TTMI opened at $23.27 on Friday. The stock’s fifty day moving average is $19.96 and its 200 day moving average is $19.41. The stock has a market capitalization of $2.37 billion, a P/E ratio of 35.26 and a beta of 1.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. TTM Technologies, Inc. has a 52 week low of $13.43 and a 52 week high of $25.49.

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.