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

TTM Technologies, Inc. (NASDAQ:TTMI) insider Jeff Jankowsky sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $24.23, for a total transaction of $121,150.00. Following the completion of the transaction, the insider now directly owns 55,273 shares in the company, valued at $1,339,264.79. This trade represents a 8.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

TTM Technologies Stock Performance

Shares of TTMI opened at $24.14 on Thursday. The firm has a market cap of $2.46 billion, a P/E ratio of 36.58 and a beta of 1.22. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month 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’s 50 day moving average price is $20.77 and its two-hundred day moving average price is $19.74.

Institutional Investors Weigh In On TTM Technologies

Several institutional investors have recently added to or reduced their stakes in TTMI. GAMMA Investing LLC increased its holdings in TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock worth $29,000 after purchasing an additional 642 shares in the last quarter. Quarry LP bought a new position in shares of TTM Technologies during the third quarter worth about $34,000. CWM LLC grew its holdings in shares of TTM Technologies by 202.6% during the second quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after buying an additional 1,244 shares in the last quarter. Covestor Ltd raised its position in TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after buying an additional 1,900 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in TTM Technologies in the 2nd quarter valued at approximately $64,000. 95.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.