Insider Selling: TTM Technologies (NASDAQ:TTMI) Director Sells 16,800 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Thomas Edman sold 16,800 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $96.12, for a total value of $1,614,816.00. Following the completion of the transaction, the director directly owned 783,406 shares in the company, valued at $75,300,984.72. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TTM Technologies Trading Up 4.7%

NASDAQ TTMI traded up $4.81 during trading hours on Tuesday, hitting $107.57. 3,394,340 shares of the company’s stock were exchanged, compared to its average volume of 3,566,862. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 85.38 and a beta of 1.74. The stock has a 50-day simple moving average of $79.00 and a 200 day simple moving average of $62.30. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54. TTM Technologies, Inc. has a 1-year low of $15.77 and a 1-year high of $111.00.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen lowered TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Zacks Research raised TTM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. B. Riley lifted their price objective on shares of TTM Technologies from $81.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a report on Wednesday, January 21st. Finally, Truist Financial set a $113.00 price target on shares of TTM Technologies in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, TTM Technologies presently has an average rating of “Buy” and a consensus price target of $99.00.

Hedge Funds Weigh In On TTM Technologies

Institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new stake in TTM Technologies in the fourth quarter valued at approximately $256,000. SBI Securities Co. Ltd. increased its position in shares of TTM Technologies by 3,743.8% in the fourth quarter. SBI Securities Co. Ltd. now owns 3,421 shares of the technology company’s stock valued at $236,000 after acquiring an additional 3,332 shares during the period. Principal Financial Group Inc. raised its stake in shares of TTM Technologies by 10.5% during the fourth quarter. Principal Financial Group Inc. now owns 698,715 shares of the technology company’s stock valued at $48,211,000 after acquiring an additional 66,472 shares during the last quarter. Danske Bank A S bought a new stake in shares of TTM Technologies in the fourth quarter worth about $34,000. Finally, Oppenheimer & Co. Inc. increased its holdings in TTM Technologies by 27.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 15,368 shares of the technology company’s stock valued at $1,060,000 after purchasing an additional 3,268 shares during the period. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.