TTM Technologies, Inc. (NASDAQ:TTMI) EVP Shawn A. Powers Sells 6,400 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Shawn A. Powers sold 6,400 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TTM Technologies Stock Down 0.2 %

Shares of NASDAQ TTMI opened at $23.23 on Tuesday. TTM Technologies, Inc. has a 1 year low of $13.43 and a 1 year high of $25.49. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 35.20 and a beta of 1.22. 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 business has a 50-day moving average of $20.09 and a two-hundred day moving average of $19.49.

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its position in shares of TTM Technologies by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock worth $995,000 after buying an additional 600 shares during the last quarter. GAMMA Investing LLC raised its stake in TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock worth $29,000 after acquiring an additional 642 shares in the last quarter. Diversified Trust Co lifted its position in TTM Technologies by 2.6% in the third quarter. Diversified Trust Co now owns 25,043 shares of the technology company’s stock valued at $457,000 after acquiring an additional 644 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in TTM Technologies by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after acquiring an additional 659 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in shares of TTM Technologies by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 821 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TTMI. Truist Financial reiterated a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Stifel Nicolaus lifted their price objective on TTM Technologies from $19.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. B. Riley upped their target price on shares of TTM Technologies from $25.50 to $27.25 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC lifted their price target on shares of TTM Technologies from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

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.