TTM Technologies, Inc. (NASDAQ:TTMI) Short Interest Update

TTM Technologies, Inc. (NASDAQ:TTMI) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 1,950,000 shares, a decline of 20.1% from the October 31st total of 2,440,000 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 742,000 shares, the days-to-cover ratio is currently 2.6 days.

TTM Technologies Trading Up 1.0 %

TTM Technologies stock opened at $24.38 on Friday. The stock has a 50-day simple moving average of $21.14 and a 200 day simple moving average of $19.85. TTM Technologies has a 52 week low of $13.43 and a 52 week high of $25.49. The stock has a market capitalization of $2.49 billion, a P/E ratio of 36.94 and a beta of 1.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.70 and a current ratio of 2.00.

Insider Transactions at TTM Technologies

In other TTM Technologies news, EVP Catherine A. Gridley sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $25.15, for a total transaction of $125,750.00. Following the sale, the executive vice president now directly owns 115,296 shares of the company’s stock, valued at $2,899,694.40. The trade was a 4.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Shawn A. Powers sold 6,400 shares of TTM Technologies stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $23.74, for a total value of $151,936.00. Following the completion of the sale, the executive vice president now directly owns 95,341 shares in the company, valued at approximately $2,263,395.34. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,044 shares of company stock valued at $413,803 over the last 90 days. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TTM Technologies

A number of hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA acquired a new stake in TTM Technologies during the 3rd quarter valued at approximately $18,600,000. Point72 Hong Kong Ltd bought a new stake in shares of TTM Technologies in the 3rd quarter valued at $15,314,000. Emerald Advisers LLC acquired a new stake in shares of TTM Technologies during the third quarter worth $13,693,000. American Century Companies Inc. raised its stake 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 buying an additional 695,844 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in TTM Technologies in the third quarter valued at $10,120,000. 95.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC raised their target price on shares of TTM Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

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.