Robert P. Farrell Sells 644 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Robert P. Farrell sold 644 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $23.24, for a total transaction of $14,966.56. Following the completion of the transaction, the insider now directly owns 22,018 shares in the company, valued at $511,698.32. This trade represents a 2.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

TTM Technologies Stock Performance

Shares of NASDAQ:TTMI traded down $0.06 during midday trading on Tuesday, reaching $23.17. 6,283 shares of the company traded hands, compared to its average volume of 759,389. The firm’s fifty day moving average price is $20.09 and its two-hundred day moving average price is $19.49. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 35.20 and a beta of 1.22. The company has a quick ratio of 1.70, a current ratio of 2.00 and a debt-to-equity ratio of 0.59. TTM Technologies, Inc. has a 12 month low of $13.43 and a 12 month high of $25.49.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TTMI shares. Needham & Company LLC boosted their target price on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price objective on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, August 1st. B. Riley raised their target price on TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Truist Financial reaffirmed a “buy” rating and set a $24.00 price target (up previously from $22.00) on shares of TTM Technologies in a research report on Thursday, August 1st.

Institutional Trading of TTM Technologies

Large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its stake in TTM Technologies by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock valued at $44,491,000 after purchasing an additional 30,738 shares in the last quarter. Barclays PLC lifted its holdings in shares of TTM Technologies by 59.8% during the 3rd quarter. Barclays PLC now owns 407,524 shares of the technology company’s stock worth $7,437,000 after acquiring an additional 152,456 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in TTM Technologies in the third quarter worth $218,000. MML Investors Services LLC bought a new position in TTM Technologies in the third quarter valued at $259,000. Finally, Jane Street Group LLC increased its position in shares of TTM Technologies by 75.6% during the 3rd quarter. Jane Street Group LLC now owns 231,208 shares of the technology company’s stock valued at $4,220,000 after purchasing an additional 99,512 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

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.