MML Investors Services LLC Makes New Investment in TTM Technologies, Inc. (NASDAQ:TTMI)

MML Investors Services LLC acquired a new stake in shares of TTM Technologies, Inc. (NASDAQ:TTMI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,174 shares of the technology company’s stock, valued at approximately $259,000.

A number of other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in TTM Technologies during the 3rd quarter valued at approximately $18,600,000. Point72 Hong Kong Ltd purchased a new position in shares of TTM Technologies during the third quarter valued at approximately $15,314,000. Emerald Advisers LLC bought a new position in shares of TTM Technologies during the third quarter valued at approximately $13,693,000. American Century Companies Inc. raised its holdings in shares of TTM Technologies by 88.8% during the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after acquiring an additional 695,844 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in TTM Technologies in the third quarter worth $10,120,000. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a “buy” rating and issued a $30.00 price objective (up from $26.00) on shares of TTM Technologies in a report on Monday, December 9th.

Insider Buying and Selling

In related news, EVP Catherine A. Gridley sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total transaction of $125,750.00. Following the sale, the executive vice president now owns 115,296 shares of the company’s stock, valued at $2,899,694.40. The trade was a 4.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Douglas L. Soder sold 19,015 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $475,375.00. Following the completion of the sale, the executive vice president now owns 185,478 shares in the company, valued at approximately $4,636,950. This trade represents a 9.30 % 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 ninety days. Company insiders own 1.70% of the company’s stock.

TTM Technologies Stock Up 1.6 %

Shares of NASDAQ:TTMI opened at $25.34 on Thursday. The firm has a market capitalization of $2.58 billion, a P/E ratio of 38.39 and a beta of 1.21. 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 stock has a 50 day moving average price of $23.48 and a 200-day moving average price of $20.68. TTM Technologies, Inc. has a 52-week low of $13.43 and a 52-week high of $28.00.

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.