Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells 5,000 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Catherine A. Gridley sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total value of $125,750.00. Following the completion of the transaction, the executive vice president now directly owns 115,296 shares in the company, valued at $2,899,694.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

TTM Technologies Price Performance

NASDAQ:TTMI traded up $0.21 during trading hours on Thursday, hitting $25.24. The company’s stock had a trading volume of 720,711 shares, compared to its average volume of 768,179. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $25.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. The stock has a fifty day simple moving average of $19.11 and a 200-day simple moving average of $18.93. The company has a market capitalization of $2.57 billion, a P/E ratio of 37.92 and a beta of 1.22.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TTMI shares. Truist Financial reissued a “buy” rating and issued a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st. Stifel Nicolaus lifted their price target on shares of TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating 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 company a “buy” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC raised their price objective on TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock worth $29,000 after buying an additional 642 shares in the last quarter. CWM LLC grew its position in TTM Technologies by 202.6% during the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,244 shares during the last quarter. Covestor Ltd increased its holdings in 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 purchasing an additional 1,900 shares in the last quarter. Headlands Technologies LLC bought a new position in TTM Technologies in the first quarter valued at about $37,000. Finally, Innealta Capital LLC acquired a new stake in shares of TTM Technologies during the second quarter valued at about $64,000. 95.79% of the stock is currently 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.