TTM Technologies (NASDAQ:TTMI) Sets New 52-Week High – Time to Buy?

TTM Technologies, Inc. (NASDAQ:TTMI) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.49 and last traded at $25.28, with a volume of 11532 shares. The stock had previously closed at $25.18.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price objective (up previously from $26.00) on shares of TTM Technologies in a research note on Monday.

TTM Technologies Price Performance

The firm has a market cap of $2.56 billion, a PE ratio of 38.15 and a beta of 1.21. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. The business’s fifty day moving average is $22.02 and its 200-day moving average is $20.17.

Insider Transactions at TTM Technologies

In related news, EVP Douglas L. Soder sold 19,015 shares of TTM Technologies stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 185,478 shares in the company, valued at approximately $4,636,950. The trade was a 9.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the sale, the executive vice president now owns 115,296 shares in the company, valued at approximately $2,899,694.40. This represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,044 shares of company stock worth $1,163,803 in the last quarter. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after buying an additional 642 shares in the last quarter. Quarry LP purchased a new position in shares of TTM Technologies in the 3rd quarter worth about $34,000. CWM LLC boosted its stake in TTM Technologies by 202.6% in the second quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after buying an additional 1,244 shares in the last quarter. Covestor Ltd grew its position in TTM Technologies by 3,220.3% during the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of TTM Technologies in the 2nd quarter worth approximately $64,000. Hedge funds and other 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.