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

TTM Technologies, Inc. (NASDAQ:TTMIGet Free Report) 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.

Check Out Our Latest Report on TTMI

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

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for TTM Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TTM Technologies and related companies with MarketBeat.com's FREE daily email newsletter.