Insider Selling at TTM Technologies, Inc.

On December 5th, Douglas L. Soder, the Executive Vice President of TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report), executed a sale of 5,985 shares of the company's stock. The shares were sold at an average price of $25.00 each, resulting in a total sale value of $149,625. Following this transaction, Mr. Soder now holds 179,493 shares of TTM Technologies, estimated at around $4,487,325 in value. This sale marks a 3.23% reduction in his ownership of the company's stock. The details of this transaction were filed with the Securities and Exchange Commission (SEC), and the filing can be accessed for more information.

TTM Technologies has been active in the electronic components sector, and its stock performance is closely monitored by investors.

Stock Performance Overview

Recently, TTM Technologies’ stock experienced a decrease of $0.17, bringing the price to $24.63 during trading hours on the following Friday. A total of 373,592 shares changed hands, which is lower than the average volume of 747,598 shares. The company's market capitalization stands at approximately $2.51 billion, with a price-to-earnings (P/E) ratio of 37.68 and a beta of 1.21. Over the last 50 days, the moving average price has been $21.64, while the 200-day moving average sits at $20.02. TTM Technologies’ stock has fluctuated significantly, reaching a low of $13.43 and a high of $25.49 in the past year. Key financial ratios include a debt-to-equity ratio of 0.59, a current ratio of 2.00, and a quick ratio of 1.70.

Recent Analyst Updates

In a recent report dated October 31, analysts at Needham & Company LLC raised their price target for TTM Technologies from $24.00 to $26.00, reaffirming a “buy” rating for the stock.

Hedge Fund Activity

Recent trading activity involving TTM Technologies shows that several hedge funds have been adjusting their positions. Price T. Rowe Associates Inc. MD increased its investment in TTM Technologies by 6.0%, acquiring an additional 3,592 shares during the first quarter, bringing its total shares to 63,144, valued at about $989,000. Comerica Bank also upped its holdings by 9.4% during the same period, now owning 116,629 shares worth approximately $1,825,000. In the second quarter, CWM LLC's investments surged by 202.6%, acquiring 1,244 additional shares to reach a total of 1,858 shares valued at about $36,000. Other hedge funds such as Dynamic Advisor Solutions LLC and Diversified Trust Co also made notable adjustments to their stakes in the company. Currently, approximately 95.79% of TTM Technologies stock is held by hedge funds and institutional investors.

About TTM Technologies, Inc.

TTM Technologies, Inc. operates globally, manufacturing and selling a variety of electronic products including mission systems, RF components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs). The company is divided into two segments: PCB and RF&S Components. TTM offers a wide range of engineered systems, assemblies, HDI PCBs, flexible and rigid-flex PCBs, custom assemblies, IC substrates, and various passive and advanced RF components among others.

Conclusion

The recent insider selling by TTM Technologies' EVP, alongside vital stock performance metrics and analyst updates, suggests active market participation and investment interest in the company. Investors may want to monitor further developments and changes in shareholdings closely.

TTM, stock, sale