Cornercap Investment Counsel Inc. Reduces Stock Position in TTM Technologies, Inc. (NASDAQ:TTMI)

Cornercap Investment Counsel Inc. lowered its position in shares of TTM Technologies, Inc. (NASDAQ:TTMI) by 47.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,024 shares of the technology company’s stock after selling 16,187 shares during the period. Cornercap Investment Counsel Inc.’s holdings in TTM Technologies were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Emerald Advisers LLC bought a new position in TTM Technologies in the 3rd quarter worth $13,693,000. American Century Companies Inc. boosted its holdings in shares of TTM Technologies by 88.8% in the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after buying an additional 695,844 shares during the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of TTM Technologies in the third quarter worth approximately $10,120,000. Hood River Capital Management LLC purchased a new position in shares of TTM Technologies in the second quarter worth approximately $8,806,000. Finally, Archon Capital Management LLC bought a new stake in TTM Technologies during the 1st quarter worth approximately $3,097,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Price Performance

Shares of NASDAQ:TTMI opened at $23.27 on Monday. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $25.49. The company’s 50 day moving average is $19.96 and its 200 day moving average is $19.44. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.37 billion, a PE ratio of 35.26 and a beta of 1.22.

Insider Buying and Selling

In other TTM Technologies news, EVP Catherine A. Gridley sold 5,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 115,296 shares in the company, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Shawn A. Powers sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the sale, the executive vice president now owns 101,741 shares in the company, valued at approximately $2,085,690.50. This represents a 6.44 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TTMI shares. B. Riley lifted their price objective on shares of TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC lifted their price objective on shares of TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $24.00 target price (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price objective on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

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.