Connor Clark & Lunn Investment Management Ltd. Increases Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 32.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,660 shares of the technology company’s stock after buying an additional 7,021 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in TTM Technologies were worth $523,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TTMI. GAMMA Investing LLC grew its stake in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after acquiring an additional 642 shares in the last quarter. CWM LLC grew its stake in TTM Technologies by 202.6% during the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,244 shares in the last quarter. Covestor Ltd grew its stake in TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,900 shares in the last quarter. Innealta Capital LLC purchased a new stake in TTM Technologies during the 2nd quarter worth approximately $64,000. Finally, nVerses Capital LLC acquired a new position in shares of TTM Technologies in the 3rd quarter valued at approximately $148,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Insider Transactions at TTM Technologies

In related news, EVP Shawn A. Powers sold 6,400 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $23.74, for a total transaction of $151,936.00. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of TTM Technologies stock in a transaction that occurred on 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 transaction, the executive vice president now owns 115,296 shares of the company’s stock, 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. In the last quarter, insiders sold 17,044 shares of company stock worth $413,803. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

TTM Technologies Stock Up 1.0 %

NASDAQ:TTMI opened at $24.38 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 36.94 and a beta of 1.22. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $25.49. The stock has a 50-day simple moving average of $21.01 and a 200 day simple moving average of $19.80.

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.