TTM Technologies (NASDAQ:TTMI) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.12 and traded as high as $24.98. TTM Technologies shares last traded at $24.92, with a volume of 436,664 shares.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $30.00 price objective (up from $26.00) on shares of TTM Technologies in a report on Monday, December 9th.

TTM Technologies Price Performance

The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $24.60 and a 200-day simple moving average of $21.15. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 37.76 and a beta of 1.19.

Insider Activity at TTM Technologies

In other news, EVP Shawn A. Powers sold 6,400 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $23.74, for a total transaction of $151,936.00. Following the sale, the executive vice president now directly owns 95,341 shares in the company, valued at approximately $2,263,395.34. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Catherine A. Gridley sold 5,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the completion of the transaction, the executive vice president now directly owns 115,296 shares of the company's stock, valued at approximately $2,899,694.40. This trade represents a 4.16 % 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 ninety days. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in shares of TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company's stock valued at $29,000 after acquiring an additional 642 shares in the last quarter. Quarry LP acquired a new stake in TTM Technologies during the third quarter valued at approximately $34,000. Covestor Ltd grew its stake in shares of 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 purchasing an additional 1,900 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of TTM Technologies in the 3rd quarter worth approximately $143,000. Finally, nVerses Capital LLC bought a new position in shares of TTM Technologies during the 3rd quarter worth approximately $148,000. Institutional investors and hedge funds own 95.79% of the company's stock.

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.