Insider Selling at TTM Technologies, Inc.: Executive Vice President Sells Shares

TTM Technologies, Inc. (NASDAQ:TTMI) witnessed a significant insider transaction when Douglas L. Soder, the Executive Vice President, sold 5,985 shares of the company on December 5th. The shares were reportedly sold at an average price of $25.00 each, bringing the total sale value to $149,625. Following this transaction, Soder holds 179,493 shares, now valued at around $4,487,325. This sale reflects a reduction of approximately 3.23% in the executive’s ownership of the company’s stock. This sale has been reported in a legal filing with the Securities and Exchange Commission (SEC), which can be reviewed on the SEC website.

TTM Technologies Stock Updates:

Latest Performance of TTM Technologies

The stock of TTM Technologies traded lower by $0.17 during the trading session on Friday, settling at $24.63. A total of 373,592 shares changed hands, marking a decline compared to its average trading volume of 747,598 shares. With a market capitalization of $2.51 billion, TTM Technologies reports a Price-to-Earnings (P/E) ratio of 37.68, and a beta of 1.21. The company's 50-day moving average stands at $21.64, while the 200-day moving average is $20.02. Over the past year, the stock has seen significant movement with a low of $13.43 and a high of $25.49. Financially, TTM Technologies shows a debt-to-equity ratio of 0.59, a current ratio of 2.00, and a quick ratio of 1.70.

Recent Changes in Analyst Ratings

In addition, Needham & Company LLC has recently revised their target price for TTM Technologies, increasing it from $24.00 to $26.00, alongside a 'buy' rating assigned to the company in their research published on October 31st.

Hedge Fund Activity with TTM Technologies

In analyzing the hedge fund landscape, several funds have shown activity regarding TTM Technologies. Price T Rowe Associates Inc. MD raised its stake in TTM by 6.0% during the first quarter. They now possess 63,144 shares valued at $989,000 after acquiring an additional 3,592 shares. Similarly, Comerica Bank increased its holdings by 9.4% during the same period, now owning 116,629 shares worth $1,825,000 after a purchase of 9,999 shares. Notably, CWM LLC showed remarkable growth with a 202.6% increase in shares during the second quarter, now owning 1,858 shares valued at $36,000. Dynamic Advisor Solutions LLC has also acquired new interests in the company, and Diversified Trust Co increased its stake by 8.7%, now holding 24,399 shares valued at $474,000. Collectively, hedge funds and institutional investors own about 95.79% of TTM Technologies stock.

Overview of TTM Technologies, Inc.

TTM Technologies operates in the electronics sector, manufacturing and selling essential components including printed circuit boards (PCBs), radio frequency (RF) components, and microwave assemblies. The firm has divided its operations into two primary segments: PCB and RF&S Components. Their product lineup features engineered systems, RF and microwave assemblies, high-density interconnect (HDI) PCBs, flexible PCBs, and various custom assemblies, among other high-tech electronic solutions.

Conclusion: The recent insider sale and ongoing analyst ratings indicate a proactive market environment surrounding TTM Technologies, Inc. Investors may want to consider the insights and trends surrounding this stock for future investment decisions.

insider, trading, technology