TTM Technologies, Inc. (NASDAQ:TTMI) Short Interest Up 15.1% in January

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. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 666,400 shares, the short-interest ratio is currently 4.4 days.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Needham & Company LLC upped their target price on TTM Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus assumed coverage on TTM Technologies in a report on Tuesday. They issued a “buy” rating and a $33.00 target price for the company.

TTM Technologies Trading Up 1.1 %

Shares of NASDAQ TTMI traded up $0.29 during trading on Friday, reaching $26.45. The company had a trading volume of 536,698 shares, compared to its average volume of 746,067. The company’s fifty day moving average price is $25.25 and its 200-day moving average price is $22.01. TTM Technologies has a 12 month low of $13.43 and a 12 month high of $30.41. The stock has a market cap of $2.70 billion, a P/E ratio of 48.98 and a beta of 1.19. The company has a quick ratio of 1.70, a current ratio of 1.99 and a debt-to-equity ratio of 0.58.

TTM Technologies (NASDAQ:TTMI) last released 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%. As a group, research analysts expect that TTM Technologies will post 1.74 earnings per share for the current year.

Insider Transactions at TTM Technologies

In other news, EVP Douglas L. Soder sold 5,985 shares of the business’s 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 transaction, the executive vice president now owns 179,493 shares of the company’s stock, valued at approximately $4,487,325. The trade was a 3.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Philip Titterton sold 24,792 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $25.56, for a total value of $633,683.52. Following the transaction, the chief operating officer now directly owns 157,528 shares of the company’s stock, valued at $4,026,415.68. This trade represents a 13.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,653 shares of company stock valued at $1,525,165. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On TTM Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. USA Financial Formulas bought a new stake in shares of TTM Technologies during the 4th quarter valued at about $25,000. GAMMA Investing LLC boosted its position in shares of TTM Technologies by 67.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,598 shares of the technology company’s stock valued at $29,000 after purchasing an additional 642 shares in the last quarter. Quarry LP bought a new stake in shares of TTM Technologies during the 3rd quarter valued at about $34,000. Smartleaf Asset Management LLC boosted its position in shares of TTM Technologies by 670.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of TTM Technologies by 3,220.3% during the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,900 shares in the last quarter. 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.