TTM Technologies (NASDAQ:TTMI) Stock Crosses Above 200-Day Moving Average – Should You Sell?

TTM Technologies, Inc. (NASDAQ:TTMI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.12 and traded as high as $24.98. TTM Technologies shares last traded at $24.92, with a volume of 436,664 shares changing hands.

Analyst Ratings Changes

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

TTM Technologies Stock Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.00 and a quick ratio of 1.70. The business has a 50-day moving average of $24.55 and a 200-day moving average of $21.12. The company has a market capitalization of $2.54 billion, a P/E ratio of 37.76 and a beta of 1.19.

Insider Activity

In other TTM Technologies news, EVP Douglas L. Soder sold 5,985 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $25.00, for a total value of $149,625.00. Following the transaction, the executive vice president now owns 179,493 shares of the company’s stock, valued at $4,487,325. This represents a 3.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Catherine A. Gridley sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $25.15, for a total value of $125,750.00. Following the completion of the sale, the executive vice president now owns 115,296 shares in the company, valued at approximately $2,899,694.40. The trade was a 4.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,044 shares of company stock valued at $1,163,803. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock valued at $51,000 after buying an additional 443 shares during the period. Diversified Trust Co raised its stake in shares of TTM Technologies by 2.6% during the third quarter. Diversified Trust Co now owns 25,043 shares of the technology company’s stock valued at $457,000 after acquiring an additional 644 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TTM Technologies by 5.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,394 shares of the technology company’s stock valued at $244,000 after purchasing an additional 659 shares during the period. XTX Topco Ltd grew its stake in TTM Technologies by 8.7% in the second quarter. XTX Topco Ltd now owns 19,108 shares of the technology company’s stock worth $371,000 after purchasing an additional 1,523 shares in the last quarter. Finally, Quarry LP purchased a new position in TTM Technologies during the 3rd quarter worth $34,000. 95.79% of the stock is currently owned by institutional investors.

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.