TTM Technologies (NASDAQ:TTMI) Shares Gap Up – Should You Buy?

Shares of TTM Technologies, Inc. (NASDAQ:TTMI) gapped up prior to trading on Thursday . The stock had previously closed at $25.34, but opened at $27.96. TTM Technologies shares last traded at $25.92, with a volume of 223,102 shares.

Analyst Upgrades and Downgrades

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

TTM Technologies Stock Performance

The business’s fifty day moving average price is $22.46 and its two-hundred day moving average price is $20.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00. The stock has a market capitalization of $2.62 billion, a P/E ratio of 39.00 and a beta of 1.21.

Insider Activity

In related news, EVP Douglas L. Soder sold 19,015 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 185,478 shares in the company, valued at $4,636,950. This trade represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total transaction of $125,750.00. Following the transaction, the executive vice president now owns 115,296 shares in the company, valued at $2,899,694.40. This trade represents a 4.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,044 shares of company stock valued at $1,163,803 in the last ninety days. Insiders own 1.30% of the company’s stock.

Institutional Trading of TTM Technologies

Several institutional investors have recently added to or reduced their stakes in TTMI. GAMMA Investing LLC grew its stake in shares of TTM Technologies by 67.2% during the third quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after buying an additional 642 shares during the last quarter. Quarry LP bought a new position in TTM Technologies in the 3rd quarter valued at $34,000. CWM LLC increased its stake in TTM Technologies by 202.6% in the second quarter. CWM LLC now owns 1,858 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,244 shares during the period. Covestor Ltd lifted its position in shares of TTM Technologies by 3,220.3% during the third quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of TTM Technologies during the second quarter valued at $64,000. 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.