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

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Shawn A. Powers sold 6,400 shares of the firm’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 owns 95,341 shares of the company’s stock, valued at $2,263,395.34. This trade represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TTM Technologies Price Performance

NASDAQ:TTMI traded up $0.08 during trading hours on Monday, hitting $23.35. The company’s stock had a trading volume of 21,445 shares, compared to its average volume of 761,611. The stock has a fifty day simple moving average of $19.96 and a 200-day simple moving average of $19.44. The company has a market capitalization of $2.38 billion, a P/E ratio of 35.26 and a beta of 1.22. TTM Technologies, Inc. has a twelve month low of $13.43 and a twelve month high of $25.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. UniSuper Management Pty Ltd acquired a new position in TTM Technologies in the 1st quarter worth about $382,000. Dynamic Advisor Solutions LLC acquired a new position in shares of TTM Technologies in the second quarter valued at approximately $602,000. First Eagle Investment Management LLC raised its holdings in TTM Technologies by 14.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock valued at $14,080,000 after buying an additional 92,300 shares during the last quarter. Hood River Capital Management LLC acquired a new stake in TTM Technologies during the 2nd quarter worth approximately $8,806,000. Finally, Natixis Advisors LLC acquired a new position in TTM Technologies in the 2nd quarter valued at approximately $676,000. 95.79% of the stock is currently owned by 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.