TTM Technologies, Inc. (NASDAQ:TTMI) Short Interest Up 15.1% in January

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 2,900,000 shares, an increase of 15.1% from the January 15th total of 2,520,000 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 666,400 shares, the days-to-cover ratio is presently 4.4 days.

TTM Technologies Price Performance

Shares of TTMI stock traded up $0.28 during mid-day trading on Wednesday, reaching $26.32. The company's stock had a trading volume of 379,544 shares, compared to its average volume of 754,253. The firm's 50-day moving average is $25.30 and its two-hundred day moving average is $22.14. The company has a market cap of $2.68 billion, a P/E ratio of 48.78 and a beta of 1.19. TTM Technologies has a 1-year low of $13.43 and a 1-year high of $30.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.71 and a current ratio of 1.99.

TTM Technologies (NASDAQ:TTMI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. On average, research analysts predict that TTM Technologies will post 1.76 earnings per share for the current year.

Insider Activity at TTM Technologies

In other news, insider Jeff Jankowsky sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was 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. The trade was a 8.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Philip Titterton sold 24,792 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total transaction of $633,683.52. Following the completion of the sale, the chief operating officer now owns 157,528 shares in the company, valued at approximately $4,026,415.68. The trade was a 13.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,469 shares of company stock worth $1,679,810 in the last 90 days. 1.70% of the stock is owned by company insiders.

Institutional Trading of TTM Technologies

Institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of TTM Technologies by 34.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 176,872 shares of the technology company's stock valued at $4,378,000 after acquiring an additional 44,833 shares during the period. State of Wyoming increased its position in shares of TTM Technologies by 103.3% during the 4th quarter. State of Wyoming now owns 5,708 shares of the technology company's stock worth $141,000 after purchasing an additional 2,900 shares in the last quarter. ProShare Advisors LLC lifted its holdings in TTM Technologies by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 30,448 shares of the technology company's stock valued at $754,000 after purchasing an additional 9,366 shares during the last quarter. Millennium Management LLC boosted its position in TTM Technologies by 38.9% in the fourth quarter. Millennium Management LLC now owns 520,666 shares of the technology company's stock valued at $12,886,000 after buying an additional 145,917 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TTM Technologies by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,455 shares of the technology company's stock valued at $1,422,000 after buying an additional 2,196 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TTMI. Needham & Company LLC upped their price objective on shares of TTM Technologies from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Stifel Nicolaus assumed coverage on TTM Technologies in a report on Tuesday, February 11th. They issued a "buy" rating and a $33.00 price target for the company.

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.