Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells 19,015 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 19,015 shares of TTM Technologies stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $25.00, for a total transaction of $475,375.00. Following the sale, the executive vice president now directly owns 185,478 shares in the company, valued at approximately $4,636,950. This trade represents a 9.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

TTM Technologies Price Performance

Shares of TTM Technologies stock traded down $0.54 during trading on Tuesday, hitting $24.34. 152,497 shares of the company were exchanged, compared to its average volume of 750,643. The firm has a 50 day moving average price of $21.27 and a 200 day moving average price of $19.91. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 36.56 and a beta of 1.21. 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 fifty-two week low of $13.43 and a fifty-two week high of $25.49.

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTMI. Massachusetts Financial Services Co. MA bought a new stake in shares of TTM Technologies during the 3rd quarter worth $18,600,000. Point72 Hong Kong Ltd bought a new position in TTM Technologies during the 3rd quarter valued at about $15,314,000. Emerald Advisers LLC bought a new stake in TTM Technologies during the 3rd quarter worth approximately $13,693,000. American Century Companies Inc. boosted its stake in TTM Technologies by 88.8% in the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after purchasing an additional 695,844 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of TTM Technologies in the third quarter valued at $10,120,000. 95.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC boosted their price target on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 31st.

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.