TTM Technologies (NASDAQ:TTMI) Stock Passes Above 200 Day Moving Average of $14.04

Shares of TTM Technologies, Inc. (NASDAQ:TTMIGet Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.04 and traded as high as $15.36. TTM Technologies shares last traded at $15.36, with a volume of 501,532 shares changing hands.

Wall Street Analysts Forecast Growth

TTMI has been the subject of several research analyst reports. StockNews.com raised TTM Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. Needham & Company LLC lifted their target price on TTM Technologies from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, August 4th.

TTM Technologies Stock Up 0.9 %

The company has a current ratio of 1.91, a quick ratio of 1.62 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 21.63 and a beta of 1.44. The stock’s 50-day moving average is $14.71 and its 200-day moving average is $14.04.

Insider Activity

In other TTM Technologies news, COO Philip Titterton sold 7,215 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $12.67, for a total value of $91,414.05. Following the transaction, the chief operating officer now owns 73,950 shares in the company, valued at $936,946.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Philip Titterton sold 7,215 shares of TTM Technologies stock in a transaction on Tuesday, June 21st. The shares were sold at an average price of $12.67, for a total value of $91,414.05. Following the completion of the sale, the chief operating officer now owns 73,950 shares of the company’s stock, valued at approximately $936,946.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Tony Sanchez sold 2,904 shares of the company’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $12.67, for a total transaction of $36,793.68. Following the transaction, the vice president now owns 18,446 shares in the company, valued at approximately $233,710.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,941 shares of company stock worth $589,439. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Several large investors have recently added to or reduced their stakes in TTMI. Kenfarb & CO. purchased a new stake in shares of TTM Technologies in the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC raised its position in TTM Technologies by 345.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,564 shares of the technology company’s stock valued at $32,000 after buying an additional 1,988 shares during the last quarter. Larson Financial Group LLC bought a new position in TTM Technologies during the 2nd quarter valued at $49,000. Counterpoint Mutual Funds LLC boosted its holdings in TTM Technologies by 236.9% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 6,172 shares of the technology company’s stock worth $91,000 after acquiring an additional 4,340 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of TTM Technologies in the 2nd quarter worth $113,000. Institutional investors own 95.83% of the company’s stock.

About TTM Technologies

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TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.

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