TTM Technologies, Inc. (NASDAQ:TTMI) EVP Shawn A. Powers Sells 6,400 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Shawn A. Powers sold 6,400 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the completion of the transaction, the executive vice president now owns 95,341 shares in the company, valued at $2,263,395.34. The trade was a 6.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $23.23 on Tuesday. The stock has a fifty day simple moving average of $20.09 and a 200-day simple moving average of $19.49. 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 stock has a market cap of $2.37 billion, a PE ratio of 35.20 and a beta of 1.22. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $25.49.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sei Investments Co. lifted its holdings in shares of TTM Technologies by 22.0% in the 1st quarter. Sei Investments Co. now owns 54,628 shares of the technology company’s stock worth $855,000 after acquiring an additional 9,851 shares during the last quarter. Russell Investments Group Ltd. raised its position in TTM Technologies by 6.1% in the first quarter. Russell Investments Group Ltd. now owns 77,974 shares of the technology company’s stock valued at $1,220,000 after purchasing an additional 4,479 shares during the period. ProShare Advisors LLC lifted its stake in TTM Technologies by 5.9% during the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock worth $322,000 after purchasing an additional 1,150 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of TTM Technologies by 14.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 33,567 shares of the technology company’s stock worth $525,000 after buying an additional 4,357 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of TTM Technologies by 2.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,101 shares of the technology company’s stock valued at $956,000 after buying an additional 1,358 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TTMI shares. B. Riley boosted their target price on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Truist Financial reaffirmed 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.

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.