TTM Technologies (NASDAQ:TTMI) Stock Crosses Above 200 Day Moving Average – What’s Next?

TTM Technologies, Inc. (NASDAQ:TTMI)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.12 and traded as high as $24.98. TTM Technologies shares last traded at $24.92, with a volume of 436,664 shares.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price (up from $26.00) on shares of TTM Technologies in a report on Monday, December 9th.

TTM Technologies Stock Performance

The company has a current ratio of 2.00, a quick ratio of 1.70 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.54 billion, a P/E ratio of 37.76 and a beta of 1.19. The business’s 50 day simple moving average is $24.55 and its 200 day simple moving average is $21.12.

Insider Activity at TTM Technologies

In related news, EVP Catherine A. Gridley sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 115,296 shares of the company’s stock, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Douglas L. Soder sold 19,015 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 owns 185,478 shares of the company’s stock, valued at $4,636,950. The trade was a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,044 shares of company stock worth $1,163,803. 1.30% of the stock is owned by corporate insiders.

Institutional Trading of TTM Technologies

Several hedge funds have recently bought and sold shares of the stock. Diversified Trust Co increased its holdings in shares of TTM Technologies by 9.2% in the fourth quarter. Diversified Trust Co now owns 27,335 shares of the technology company’s stock worth $677,000 after purchasing an additional 2,292 shares during the last quarter. GAMMA Investing LLC increased its stake in TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares during the last quarter. Franklin Resources Inc. increased its stake in TTM Technologies by 262.5% in the 3rd quarter. Franklin Resources Inc. now owns 309,724 shares of the technology company’s stock worth $5,937,000 after acquiring an additional 224,286 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of TTM Technologies by 15.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,247 shares of the technology company’s stock worth $589,000 after acquiring an additional 4,316 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of TTM Technologies during the 3rd quarter valued at approximately $197,000. 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.