BlackRock Amends TTM Technologies Stake (SC 13G/A)
Ticker: TTMI · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1116942
| Field | Detail |
|---|---|
| Company | Ttm Technologies Inc (TTMI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in TTM Technologies, signaling a minor portfolio adjustment.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in its ownership of TTM Technologies Inc. common stock as of December 31, 2023. This amendment, number 11, shows BlackRock's updated passive investment position in the printed circuit board manufacturer. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in sentiment or strategy towards TTM Technologies, potentially influencing other investors' decisions.
Why It Matters
This filing updates BlackRock's passive ownership in TTM Technologies, providing transparency on a significant institutional investor's position. It can influence market perception and investor confidence in TTM Technologies.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or opportunity.
Analyst Insight
An investor should note BlackRock's continued passive interest in TTM Technologies, but this filing alone doesn't suggest a strong buy or sell signal. It's a routine update from a large institutional holder.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- TTM Technologies Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- 87305R109 (other) — the CUSIP number for TTM Technologies Inc. common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major institutional investment manager.
What is the subject company whose securities are being reported?
The subject company is TTM TECHNOLOGIES INC, identified by CIK 0001116942 and CUSIP 87305R109.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding TTM TECHNOLOGIES INC (TTMI).