Robert P. Farrell Sells 644 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 644 shares of the business’s 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 $511,698.32. The trade was a 2.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TTM Technologies Stock Performance

NASDAQ TTMI opened at $23.30 on Thursday. The company’s 50 day simple moving average is $20.30 and its two-hundred day simple moving average is $19.55. The stock has a market capitalization of $2.38 billion, a PE ratio of 35.30 and a beta of 1.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA bought a new position in shares of TTM Technologies in the third quarter worth approximately $18,600,000. Point72 Hong Kong Ltd bought a new position in TTM Technologies in the third quarter valued at $15,314,000. Emerald Advisers LLC purchased a new position in shares of TTM Technologies in the 3rd quarter worth about $13,693,000. American Century Companies Inc. lifted 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 buying an additional 695,844 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in TTM Technologies in the third quarter worth approximately $10,120,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analysts Set New Price Targets

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

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.