Shawn A. Powers Sells 6,400 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) EVP Shawn A. Powers sold 6,400 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the completion of the sale, the executive vice president now directly owns 95,341 shares of the company's stock, valued at $2,263,395.34. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

TTM Technologies Stock Down 0.2 %

NASDAQ:TTMI traded down $0.04 on Monday, hitting $23.23. The stock had a trading volume of 279,191 shares, compared to its average volume of 762,766. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49. The firm's fifty day simple moving average is $19.96 and its two-hundred day simple moving average is $19.44. 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 stock has a market cap of $2.37 billion, a P/E ratio of 35.26 and a beta of 1.22.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TTMI shares. B. Riley boosted their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their price objective on TTM Technologies from $19.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their target price on TTM Technologies from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Truist Financial reiterated 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.

Institutional Trading of TTM Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in TTM Technologies by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock valued at $29,000 after purchasing an additional 642 shares during the period. Quarry LP purchased a new position in shares of TTM Technologies in the 3rd quarter worth about $34,000. CWM LLC boosted its holdings in shares of TTM Technologies by 202.6% in the 2nd quarter. CWM LLC now owns 1,858 shares of the technology company's stock worth $36,000 after buying an additional 1,244 shares during the last quarter. Covestor Ltd grew its position in TTM Technologies by 3,220.3% during the third 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 period. Finally, Innealta Capital LLC purchased a new stake in TTM Technologies during the second quarter worth about $64,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.