Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $125,750.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total transaction of $125,750.00. Following the completion of the transaction, the executive vice president now owns 115,296 shares of the company’s stock, valued at approximately $2,899,694.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

TTM Technologies Stock Performance

Shares of NASDAQ TTMI opened at $25.28 on Friday. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The stock has a fifty day moving average price of $19.34 and a two-hundred day moving average price of $19.08. The firm has a market cap of $2.58 billion, a P/E ratio of 38.30 and a beta of 1.22.

Analysts Set New Price Targets

TTMI has been the subject of several analyst reports. Truist Financial reiterated a “buy” rating and set a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. B. Riley boosted their price target 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 raised their price target 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 upped 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after purchasing an additional 642 shares in the last quarter. CWM LLC raised its holdings in shares of TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,244 shares in the last quarter. Covestor Ltd lifted its stake in TTM Technologies by 3,220.3% during the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,900 shares during the last quarter. Headlands Technologies LLC bought a new stake in TTM Technologies during the first quarter worth approximately $37,000. Finally, Innealta Capital LLC acquired a new position in TTM Technologies in the second quarter worth approximately $64,000. 95.79% of the stock is owned by institutional investors and hedge funds.

About TTM Technologies

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.