TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) insider Robert P. Farrell sold 644 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $23.24, for a total transaction of $14,966.56. Following the completion of the sale, the insider now directly owns 22,018 shares in the company, valued at $511,698.32. This trade represents a 2.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
TTM Technologies Trading Up 0.5 %
Shares of TTMI opened at $23.35 on Wednesday. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $25.49. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 35.38 and a beta of 1.22. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. The stock's 50-day moving average price is $20.19 and its 200 day moving average price is $19.53.
Wall Street Analyst Weigh In
A number of analysts have weighed in on TTMI shares. Truist Financial restated a "buy" rating and issued a $24.00 price target (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. B. Riley lifted their price objective on TTM Technologies from $25.50 to $27.25 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Needham & Company LLC lifted their target price on TTM Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, August 1st.
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Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System grew its position in TTM Technologies by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company's stock valued at $995,000 after purchasing an additional 600 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock worth $29,000 after buying an additional 642 shares during the last quarter. Diversified Trust Co increased its holdings in TTM Technologies by 2.6% in the third quarter. Diversified Trust Co now owns 25,043 shares of the technology company's stock valued at $457,000 after purchasing an additional 644 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in TTM Technologies by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company's stock worth $244,000 after purchasing an additional 659 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in TTM Technologies by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company's stock worth $1,045,000 after acquiring an additional 821 shares in the last quarter. Institutional investors own 95.79% of the company's stock.
TTM Technologies Company Profile
(
Get Free Report)
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.
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