TTM Technologies (NASDAQ:TTMI) Hits New 1-Year High – What’s Next?

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.41 and last traded at $24.37, with a volume of 34733 shares traded. The stock had previously closed at $22.90.

Analysts Set New Price Targets

TTMI has been the subject of several research analyst reports. Stifel Nicolaus raised their target price on shares of TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC raised their price objective on TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. B. Riley boosted their target price on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, 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.

TTM Technologies Stock Up 6.7 %

The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $19.00 and its 200 day simple moving average is $18.88. The firm has a market capitalization of $2.49 billion, a PE ratio of 34.70 and a beta of 1.22.

Insider Buying and Selling at TTM Technologies

In other news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $20.50, for a total value of $143,500.00. Following the completion of the transaction, the executive vice president now owns 101,741 shares in the company, valued at approximately $2,085,690.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Shawn A. Powers sold 7,000 shares of TTM Technologies stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $20.50, for a total transaction of $143,500.00. Following the completion of the transaction, the executive vice president now directly owns 101,741 shares of the company’s stock, valued at approximately $2,085,690.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Weber sold 13,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $19.00, for a total transaction of $247,000.00. Following the completion of the sale, the executive vice president now directly owns 94,488 shares in the company, valued at $1,795,272. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,000 shares of company stock worth $631,000 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of TTM Technologies by 2,130.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,069 shares of the technology company’s stock worth $392,000 after purchasing an additional 23,945 shares during the last quarter. BNP Paribas Financial Markets grew its stake in TTM Technologies by 61.3% in the 1st quarter. BNP Paribas Financial Markets now owns 107,322 shares of the technology company’s stock worth $1,680,000 after acquiring an additional 40,784 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of TTM Technologies by 135.0% during the first quarter. GSA Capital Partners LLP now owns 63,681 shares of the technology company’s stock worth $997,000 after acquiring an additional 36,582 shares during the period. Larson Financial Group LLC bought a new stake in shares of TTM Technologies during the first quarter valued at approximately $266,000. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of TTM Technologies by 8.2% in the first quarter. Texas Permanent School Fund Corp now owns 89,484 shares of the technology company’s stock valued at $1,400,000 after purchasing an additional 6,776 shares during the period. 95.79% of the stock is currently owned by institutional investors.

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.