TTM Technologies (NASDAQ:TTMI) Given “Buy” Rating at Needham & Company LLC

TTM Technologies (NASDAQ:TTMI)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They presently have a $30.00 target price on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 20.10% from the stock’s current price.

TTM Technologies Stock Up 0.9 %

Shares of TTMI stock traded up $0.23 during trading hours on Tuesday, hitting $24.98. 165,545 shares of the company were exchanged, compared to its average volume of 397,745. TTM Technologies has a 52 week low of $13.43 and a 52 week high of $28.00. 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 business has a 50 day moving average of $24.70 and a two-hundred day moving average of $21.24. The company has a market capitalization of $2.55 billion, a PE ratio of 37.85 and a beta of 1.19.

Insider Activity

In other TTM Technologies news, EVP Douglas L. Soder sold 5,985 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $25.00, for a total value of $149,625.00. Following the completion of the transaction, the executive vice president now directly owns 179,493 shares in the company, valued at $4,487,325. This trade represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Catherine A. Gridley sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total value of $125,750.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 47,044 shares of company stock worth $1,163,803 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

A number of institutional investors and hedge funds have recently modified their holdings of TTMI. American Century Companies Inc. boosted its position in TTM Technologies by 88.8% during the second quarter. American Century Companies Inc. now owns 1,479,403 shares of the technology company’s stock worth $28,745,000 after purchasing an additional 695,844 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of TTM Technologies by 6.2% during the 2nd quarter. Hsbc Holdings PLC now owns 94,372 shares of the technology company’s stock worth $1,825,000 after buying an additional 5,500 shares during the period. First Eagle Investment Management LLC grew its stake in TTM Technologies by 14.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 724,641 shares of the technology company’s stock valued at $14,080,000 after buying an additional 92,300 shares during the last quarter. XTX Topco Ltd raised its holdings in TTM Technologies by 8.7% in the 2nd quarter. XTX Topco Ltd now owns 19,108 shares of the technology company’s stock valued at $371,000 after acquiring an additional 1,523 shares during the period. Finally, Inspire Investing LLC lifted its position in TTM Technologies by 159.4% during the second quarter. Inspire Investing LLC now owns 59,287 shares of the technology company’s stock worth $1,152,000 after acquiring an additional 36,428 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

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.