TTM Technologies, Inc. (NASDAQ:TTMI) Short Interest Update

TTM Technologies, Inc. (NASDAQ:TTMI) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,950,000 shares, a decrease of 20.1% from the October 31st total of 2,440,000 shares. Based on an average daily volume of 742,000 shares, the short-interest ratio is presently 2.6 days. Approximately 2.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at TTM Technologies

In other news, insider Jeff Jankowsky sold 5,000 shares of the stock in a transaction that occurred 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 owns 55,273 shares of the company’s stock, valued at approximately $1,339,264.79. This represents a 8.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shawn A. Powers sold 6,400 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $23.74, for a total value of $151,936.00. Following the completion of the transaction, the executive vice president now directly owns 95,341 shares of the company’s stock, valued at $2,263,395.34. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,044 shares of company stock valued at $413,803 in the last 90 days. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

A number of institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its holdings in TTM Technologies by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 51,200 shares of the technology company’s stock worth $995,000 after purchasing an additional 600 shares during the period. GAMMA Investing LLC raised its holdings in TTM Technologies by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock worth $29,000 after purchasing an additional 642 shares during the period. Diversified Trust Co raised its holdings in TTM Technologies by 2.6% in the 3rd quarter. Diversified Trust Co now owns 25,043 shares of the technology company’s stock worth $457,000 after purchasing an additional 644 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in TTM Technologies by 5.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock worth $244,000 after purchasing an additional 659 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in TTM Technologies by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 53,788 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 821 shares during the period. 95.79% of the stock is owned by institutional investors.

TTM Technologies Stock Performance

Shares of TTMI stock traded up $0.24 on Friday, reaching $24.38. The stock had a trading volume of 212,547 shares, compared to its average volume of 754,002. The stock has a market cap of $2.49 billion, a P/E ratio of 36.94 and a beta of 1.22. TTM Technologies has a 1 year low of $13.43 and a 1 year high of $25.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The company has a 50 day simple moving average of $21.14 and a 200 day simple moving average of $19.85.

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.