GAMMA Investing LLC Purchases 443 Shares of TTM Technologies, Inc. (NASDAQ:TTMI)

GAMMA Investing LLC lifted its position in TTM Technologies, Inc. (NASDAQ:TTMI) by 27.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,041 shares of the technology company’s stock after purchasing an additional 443 shares during the quarter. GAMMA Investing LLC’s holdings in TTM Technologies were worth $51,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in TTM Technologies during the 3rd quarter worth about $34,000. Covestor Ltd grew its holdings in TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,900 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in TTM Technologies during the 3rd quarter worth about $143,000. nVerses Capital LLC bought a new stake in TTM Technologies during the 3rd quarter worth about $148,000. Finally, Virtu Financial LLC bought a new stake in TTM Technologies during the 3rd quarter worth about $197,000. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

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

TTM Technologies Stock Performance

TTM Technologies stock opened at $24.75 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $28.00. The company has a market cap of $2.52 billion, a PE ratio of 37.50 and a beta of 1.19. The company’s 50-day moving average is $24.70 and its two-hundred day moving average is $21.24.

Insider Buying and Selling at TTM Technologies

In related news, EVP Catherine A. Gridley sold 5,000 shares of the 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Douglas L. Soder sold 5,985 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $25.00, for a total transaction of $149,625.00. Following the completion of the sale, the executive vice president now owns 179,493 shares in the company, valued at $4,487,325. This represents a 3.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,044 shares of company stock worth $1,163,803. Company insiders own 1.30% of the company’s stock.

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.