Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells 19,015 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 19,015 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total transaction of $475,375.00. Following the sale, the executive vice president now owns 185,478 shares of the company’s stock, valued at $4,636,950. The trade was a 9.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

TTM Technologies Trading Down 2.2 %

Shares of TTMI stock traded down $0.54 during trading hours on Tuesday, hitting $24.34. 152,497 shares of the company were exchanged, compared to its average volume of 750,643. TTM Technologies, Inc. has a fifty-two week low of $13.43 and a fifty-two week 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 firm has a market cap of $2.48 billion, a P/E ratio of 36.56 and a beta of 1.21. The company has a 50 day simple moving average of $21.27 and a two-hundred day simple moving average of $19.91.

Analysts Set New Price Targets

Separately, Needham & Company LLC increased their price target on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Hedge Funds Weigh In On TTM Technologies

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in TTM Technologies by 67.2% during the third 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. Quarry LP bought a new stake in shares of TTM Technologies during the 3rd quarter valued at $34,000. CWM LLC boosted its holdings in TTM Technologies by 202.6% in the second quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,244 shares during the last quarter. Covestor Ltd boosted its stake in shares of TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after buying an additional 1,900 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in TTM Technologies during the second quarter valued at $64,000. 95.79% of the stock is owned by institutional investors.

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.