TTM Technologies (NASDAQ:TTMI) Receives Buy Rating from Needham & Company LLC

TTM Technologies (NASDAQ:TTMI - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Needham & Company LLC in a note issued to investors on Monday,Benzinga reports. They currently have a $30.00 target price on the technology company's stock, up from their prior target price of $26.00. Needham & Company LLC's price objective would suggest a potential upside of 21.36% from the stock's current price.

TTM Technologies Trading Up 0.4 %

Shares of TTMI stock traded up $0.09 on Monday, reaching $24.72. The company had a trading volume of 708,985 shares, compared to its average volume of 746,463. The company has a 50-day moving average of $21.76 and a 200-day moving average of $20.08. TTM Technologies has a 12 month low of $13.43 and a 12 month high of $25.49. The stock has a market cap of $2.52 billion, a PE ratio of 37.32 and a beta of 1.21. The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Douglas L. Soder sold 5,985 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $25.00, for a total transaction of $149,625.00. Following the transaction, the executive vice president now owns 179,493 shares in the company, valued at $4,487,325. This trade represents a 3.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeff Jankowsky sold 5,000 shares of TTM Technologies stock in a transaction that occurred on 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 sale, the insider now owns 55,273 shares of the company's stock, valued at approximately $1,339,264.79. The trade was a 8.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,044 shares of company stock worth $1,163,803 in the last three months. Insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On TTM Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock worth $29,000 after buying an additional 642 shares during the last quarter. Quarry LP acquired a new position in TTM Technologies in the 3rd quarter worth about $34,000. CWM LLC raised its position in TTM Technologies by 202.6% in the second quarter. CWM LLC now owns 1,858 shares of the technology company's stock valued at $36,000 after purchasing an additional 1,244 shares during the last quarter. Covestor Ltd boosted its stake in shares of 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 purchasing an additional 1,900 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of TTM Technologies during the second quarter worth about $64,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

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.