Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells 644 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 644 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $23.24, for a total value of $14,966.56. Following the completion of the sale, the insider now directly owns 22,018 shares of the company’s stock, valued at approximately $511,698.32. The trade was a 2.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

TTM Technologies Stock Down 0.3 %

Shares of NASDAQ TTMI traded down $0.06 during midday trading on Tuesday, hitting $23.17. 6,283 shares of the stock traded hands, compared to its average volume of 759,389. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. TTM Technologies, Inc. has a one year low of $13.43 and a one year high of $25.49. The business has a 50 day moving average price of $20.09 and a two-hundred day moving average price of $19.49. The company has a market cap of $2.36 billion, a PE ratio of 35.20 and a beta of 1.22.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On TTM Technologies

Several large investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA bought a new position in shares of TTM Technologies in the third quarter valued at approximately $18,600,000. Point72 Hong Kong Ltd bought a new position in shares of TTM Technologies during the third quarter valued at about $15,314,000. Emerald Advisers LLC purchased a new position in TTM Technologies during the third quarter worth about $13,693,000. American Century Companies Inc. grew its position in TTM Technologies by 88.8% in the 2nd quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after purchasing an additional 695,844 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of TTM Technologies during the 3rd quarter worth approximately $10,120,000. Institutional investors own 95.79% of the company’s stock.

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.