Short Interest in TTM Technologies, Inc. (NASDAQ:TTMI) Grows By 15.1%

TTM Technologies, Inc. (NASDAQ:TTMI) saw a large growth in short interest in January. As of January 31st, there was short interest totalling 2,900,000 shares, a growth of 15.1% from the January 15th total of 2,520,000 shares. Based on an average trading volume of 666,400 shares, the days-to-cover ratio is currently 4.4 days. Approximately 2.9% of the company’s stock are short sold.

TTM Technologies Trading Up 1.1 %

Shares of TTM Technologies stock opened at $26.45 on Friday. The company has a market capitalization of $2.70 billion, a P/E ratio of 48.98 and a beta of 1.19. The company has a current ratio of 1.99, a quick ratio of 1.70 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $25.25 and a 200 day simple moving average of $22.02. TTM Technologies has a 12-month low of $13.43 and a 12-month high of $30.41.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. TTM Technologies had a return on equity of 9.74% and a net margin of 2.30%. On average, sell-side analysts anticipate that TTM Technologies will post 1.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus began coverage on TTM Technologies in a research report on Tuesday, February 11th. They issued a “buy” rating and a $33.00 price target on the stock. Needham & Company LLC boosted their price target on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

Insider Transactions at TTM Technologies

In other news, EVP Douglas L. Soder sold 5,985 shares of TTM Technologies stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $25.00, for a total transaction of $149,625.00. Following the completion of the sale, the executive vice president now owns 179,493 shares of the company’s stock, valued at approximately $4,487,325. This trade represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeff Jankowsky sold 5,000 shares of TTM Technologies stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $24.23, for a total value of $121,150.00. Following the sale, the insider now directly owns 55,273 shares of the company’s stock, valued at $1,339,264.79. This represents a 8.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,653 shares of company stock valued at $1,525,165 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of TTM Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in TTM Technologies by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,437,400 shares of the technology company’s stock worth $44,491,000 after acquiring an additional 30,738 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of TTM Technologies by 532.1% during the fourth quarter. Franklin Resources Inc. now owns 1,957,741 shares of the technology company’s stock valued at $48,454,000 after purchasing an additional 1,648,017 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of TTM Technologies by 50.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,534,166 shares of the technology company’s stock valued at $37,971,000 after purchasing an additional 515,015 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of TTM Technologies by 1.3% during the third quarter. Wellington Management Group LLP now owns 1,394,661 shares of the technology company’s stock valued at $25,453,000 after purchasing an additional 18,027 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in TTM Technologies by 5.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,312,770 shares of the technology company’s stock worth $32,491,000 after acquiring an additional 63,230 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

TTM Technologies Company Profile

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.