Sanctuary Advisors LLC Increases Stake in TTM Technologies, Inc.

On December 25, 2024, it was reported that Sanctuary Advisors LLC boosted its investment in TTM Technologies, Inc. (NASDAQ: TTMI) by 15.5% during the third quarter. Following this increase, the firm now holds 32,247 shares of TTM Technologies after acquiring an additional 4,316 shares during this period. As of the most recent filing with the SEC, Sanctuary Advisors LLC's total holdings in TTM Technologies amount to approximately $589,000.

Other significant investors have made moves regarding their positions in TTM Technologies recently. GAMMA Investing LLC raised its stake by an impressive 67.2% in the third quarter, acquiring an additional 642 shares to own 1,598 shares valued at around $29,000. Quarry LP entered a new investment in TTM Technologies, totaling $34,000 during the same quarter. Similarly, Covestor Ltd saw a dramatic boost in its holdings by 3,220.3%, now owning 1,959 shares worth $36,000, having added 1,900 shares in the last quarter. Innealta Capital LLC and Point72 Asia Singapore Pte. Ltd. also made new investments of $64,000 and $143,000, respectively, during the third quarter. Overall, institutional investors and hedge funds control about 95.79% of TTM Technologies' stock.

TTM Technologies Stock Performance

As of the latest trading session, TTM Technologies stock opened at $25.34. The company boasts a market capitalization of $2.58 billion, with a price-to-earnings (P/E) ratio of 38.39 and a beta of 1.21. For context, TTM Technologies has experienced a yearly stock range with a low of $13.43 and a high of $28.00. Current averages include a 50-day simple moving average of $23.38 and a 200-day simple moving average of $20.65. The firm's financial health can be seen in its current ratio of 2.00, quick ratio of 1.70, and a debt-to-equity ratio of 0.59.

Analyst Ratings for TTM Technologies

In recent updates, Needham & Company LLC reaffirmed a “buy” rating for TTM Technologies, increasing their price target from $26.00 to $30.00 in a note issued on December 9.

Insider Transactions at TTM Technologies

In related developments, company insider Douglas L. Soder, Executive Vice President, sold 19,015 shares on December 2, at an average price of $25.00, resulting in total proceeds of $475,375. Following this transaction, Soder retains ownership of 185,478 shares, valued at approximately $4.64 million, marking a reduction of 9.30% in his stake. Additionally, Catherine A. Gridley, another Executive VP, sold 5,000 shares on November 6 at an average price of $25.15, totaling $125,750, and decreased her holding by 4.16% to 115,296 shares. Over the past three months, insiders have sold a total of 47,044 shares valued at $1.16 million, and corporate insiders own about 1.70% of the total stock.

Company Overview of TTM Technologies

TTM Technologies, Inc., along with its subsidiaries, specializes in the manufacturing and sales of mission systems, radio-frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs) on a global scale. The company is divided into two main segments: PCB and RF&S Components. Their product offerings include a variety of engineered systems, RF and microwave assemblies, HDI PCBs, flexible PCBs, rigid-flex PCBs, along with custom assemblies and system integration solutions, IC substrates, passive RF components, and several other PCB-related products.

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