The Manufacturers Life Insurance Company Sells 705 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

The Manufacturers Life Insurance Company decreased its holdings in TTM Technologies, Inc. (NASDAQ:TTMI) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,281 shares of the technology company’s stock after selling 705 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of TTM Technologies worth $991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of TTM Technologies in the 3rd quarter valued at about $18,600,000. Emerald Advisers LLC bought a new position in TTM Technologies in the 3rd quarter valued at about $13,693,000. American Century Companies Inc. raised its position 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 during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in shares of TTM Technologies during the third quarter valued at about $10,120,000. Finally, Hood River Capital Management LLC bought a new position in shares of TTM Technologies in the second quarter valued at approximately $8,806,000. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective (up previously from $26.00) on shares of TTM Technologies in a research report on Monday.

TTM Technologies Price Performance

TTM Technologies stock opened at $25.49 on Friday. The business’s 50 day simple moving average is $22.31 and its 200 day simple moving average is $20.24. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $28.00. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 38.62 and a beta of 1.21. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59.

Insider Activity

In other news, EVP Shawn A. Powers sold 6,400 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 95,341 shares in the company, valued at $2,263,395.34. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Catherine A. Gridley sold 5,000 shares of the 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 sale, the executive vice president now owns 115,296 shares in the company, valued at $2,899,694.40. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,044 shares of company stock valued at $1,163,803 over the last quarter. Company insiders own 1.30% of the company’s stock.

TTM Technologies 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.