TTM Technologies, Inc. (NASDAQ:TTMI) Insider Jeff Jankowsky Sells 5,000 Shares

TTM Technologies, Inc. (NASDAQ:TTMI) insider Jeff Jankowsky sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the completion of the transaction, the insider now directly owns 55,273 shares of the company’s stock, valued at $1,339,264.79. The trade was a 8.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

TTM Technologies Price Performance

Shares of TTMI stock traded down $0.09 on Wednesday, reaching $24.14. The company’s stock had a trading volume of 307,129 shares, compared to its average volume of 756,352. 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. The company has a market capitalization of $2.46 billion, a P/E ratio of 36.55 and a beta of 1.22. The stock’s 50 day simple moving average is $20.77 and its 200-day simple moving average is $19.74.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. raised its position in shares of TTM Technologies by 262.5% in the third quarter. Franklin Resources Inc. now owns 309,724 shares of the technology company’s stock worth $5,937,000 after buying an additional 224,286 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of TTM Technologies by 15.5% in the third quarter. Sanctuary Advisors LLC now owns 32,247 shares of the technology company’s stock worth $589,000 after buying an additional 4,316 shares in the last quarter. Virtu Financial LLC purchased a new stake in TTM Technologies during the third quarter valued at about $197,000. Geode Capital Management LLC raised its position in TTM Technologies by 1.3% during 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. Finally, Barclays PLC raised its position in TTM Technologies by 59.8% during the third quarter. Barclays PLC now owns 407,524 shares of the technology company’s stock valued at $7,437,000 after purchasing an additional 152,456 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.