TTM Technologies’ (TTMI) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of TTM Technologies (NASDAQ:TTMI) in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a $30.00 price target on the technology company’s stock.

TTM Technologies Trading Up 1.1 %

NASDAQ TTMI opened at $25.89 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. TTM Technologies has a one year low of $13.43 and a one year high of $28.00. The company has a 50-day simple moving average of $24.76 and a 200-day simple moving average of $21.32. The firm has a market capitalization of $2.64 billion, a PE ratio of 39.23 and a beta of 1.19.

Insider Transactions at TTM Technologies

In related news, EVP Catherine A. Gridley sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total transaction of $125,750.00. Following the completion of the transaction, the executive vice president now directly owns 115,296 shares in the company, valued at $2,899,694.40. This represents a 4.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas L. Soder sold 19,015 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $25.00, for a total value of $475,375.00. Following the completion of the sale, the executive vice president now owns 185,478 shares in the company, valued at $4,636,950. The trade was a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,044 shares of company stock worth $1,163,803. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of TTM Technologies by 88.8% during the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock valued at $28,745,000 after buying an additional 695,844 shares during the last quarter. Hsbc Holdings PLC raised its stake in TTM Technologies by 6.2% during the 2nd quarter. Hsbc Holdings PLC now owns 94,372 shares of the technology company’s stock valued at $1,825,000 after acquiring an additional 5,500 shares in the last quarter. First Eagle Investment Management LLC boosted its position in TTM Technologies by 14.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock worth $14,080,000 after acquiring an additional 92,300 shares during the period. XTX Topco Ltd grew its stake in shares of TTM Technologies by 8.7% in the second quarter. XTX Topco Ltd now owns 19,108 shares of the technology company’s stock worth $371,000 after purchasing an additional 1,523 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings in shares of TTM Technologies by 159.4% during the second quarter. Inspire Investing LLC now owns 59,287 shares of the technology company’s stock valued at $1,152,000 after purchasing an additional 36,428 shares during the period. Institutional investors 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.