TTM Technologies (NASDAQ:TTMI) Reaches New 1-Year High - Should You Buy?

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company 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.

Wall Street Analyst Weigh In

TTMI has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of TTM Technologies from $19.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. B. Riley upped their price objective on TTM Technologies from $25.50 to $27.25 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Truist Financial reissued a "buy" rating and set a $24.00 target price (up previously from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Finally, Needham & Company LLC upped their price target on TTM Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st.

TTM Technologies Trading Up 9.3 %

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. The stock has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $18.88. The stock has a market cap of $2.55 billion, a PE ratio of 37.02 and a beta of 1.22.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TTMI. Natixis Advisors LLC boosted its stake in shares of TTM Technologies by 131.7% during the 3rd quarter. Natixis Advisors LLC now owns 80,631 shares of the technology company's stock worth $1,471,000 after purchasing an additional 45,835 shares during the period. Empowered Funds LLC boosted its position in shares of TTM Technologies by 5.4% during the third quarter. Empowered Funds LLC now owns 545,210 shares of the technology company's stock valued at $9,950,000 after buying an additional 27,738 shares during the period. Victory Capital Management Inc. grew its stake in shares of TTM Technologies by 1.1% during the third quarter. Victory Capital Management Inc. now owns 199,451 shares of the technology company's stock valued at $3,640,000 after buying an additional 2,172 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of TTM Technologies during the 3rd quarter worth approximately $278,000. Finally, Versor Investments LP boosted its holdings in TTM Technologies by 254.7% during the 3rd quarter. Versor Investments LP now owns 49,300 shares of the technology company's stock valued at $900,000 after acquiring an additional 35,400 shares during the period. 95.79% of the stock is owned by hedge funds and other 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.