TTM Technologies (NASDAQ:TTMI) Director Thomas Edman Sells 16,800 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Thomas Edman sold 16,800 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $96.12, for a total transaction of $1,614,816.00. Following the completion of the sale, the director directly owned 783,406 shares of the company’s stock, valued at approximately $75,300,984.72. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Stock Up 4.7%

TTMI opened at $107.57 on Wednesday. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 85.37 and a beta of 1.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.66 and a current ratio of 1.94. The firm’s fifty day moving average is $79.78 and its 200 day moving average is $62.74. TTM Technologies, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $111.00.

Institutional Investors Weigh In On TTM Technologies

Large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in TTM Technologies by 66.6% during the first quarter. Royal Bank of Canada now owns 26,433 shares of the technology company’s stock valued at $543,000 after purchasing an additional 10,565 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TTM Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,087 shares of the technology company’s stock worth $1,232,000 after buying an additional 2,632 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of TTM Technologies by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,705,963 shares of the technology company’s stock valued at $34,989,000 after acquiring an additional 115,766 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of TTM Technologies by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,563 shares of the technology company’s stock valued at $3,908,000 after acquiring an additional 13,691 shares during the last quarter. Finally, Jane Street Group LLC grew its position in TTM Technologies by 1,150.2% in the first quarter. Jane Street Group LLC now owns 139,889 shares of the technology company’s stock worth $2,869,000 after acquiring an additional 128,700 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TTMI. Weiss Ratings reiterated a “buy (b-)” rating on shares of TTM Technologies in a research report on Wednesday, January 21st. Needham & Company LLC upped their price target on TTM Technologies from $79.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. B. Riley lifted their price objective on shares of TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Finally, Truist Financial set a $113.00 target price on shares of TTM Technologies in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $99.00.

TTM Technologies Company Profile

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.