TTM Technologies (NASDAQ:TTMI) Hits New 12-Month High at $18.77

TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $18.77 and last traded at $18.77, with a volume of 483082 shares trading hands. The stock had previously closed at $18.42.

Wall Street Analysts Forecast Growth

TTMI has been the topic of several research analyst reports. Stifel Nicolaus upgraded TTM Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $15.00 to $19.00 in a report on Thursday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $19.00 price objective on shares of TTM Technologies in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $18.17.

TTM Technologies Trading Up 1.9 %

The company has a quick ratio of 1.77, a current ratio of 2.09 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.91 billion, a P/E ratio of -938.03 and a beta of 1.37. The company has a fifty day simple moving average of $15.49 and a two-hundred day simple moving average of $15.11.

Insider Buying and Selling

In other news, SVP Dale Martin Knecht sold 7,029 shares of the business's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $18.14, for a total value of $127,506.06. Following the sale, the senior vice president now directly owns 90,024 shares in the company, valued at $1,633,035.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Douglas L. Soder sold 25,000 shares of the firm's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $18.01, for a total value of $450,250.00. Following the completion of the transaction, the insider now owns 239,574 shares of the company's stock, valued at $4,314,727.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Dale Martin Knecht sold 7,029 shares of TTM Technologies stock in a transaction on Friday, May 10th. The shares were sold at an average price of $18.14, for a total transaction of $127,506.06. Following the completion of the sale, the senior vice president now owns 90,024 shares in the company, valued at $1,633,035.36. The disclosure for this sale can be found here. Insiders have sold a total of 55,712 shares of company stock worth $992,919 over the last ninety days. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On TTM Technologies

Large investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in TTM Technologies during the first quarter worth about $37,000. EntryPoint Capital LLC boosted its stake in shares of TTM Technologies by 108.1% during the 1st quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company's stock worth $98,000 after acquiring an additional 3,254 shares during the period. AXQ Capital LP acquired a new position in shares of TTM Technologies during the 3rd quarter worth approximately $144,000. Fox Run Management L.L.C. bought a new stake in TTM Technologies in the 3rd quarter valued at $233,000. Finally, Versor Investments LP bought a new position in TTM Technologies during the fourth quarter worth $236,000. Institutional investors and hedge funds 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.

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