Traders Purchase High Volume of Call Options on TTM Technologies (NASDAQ:TTMI)

TTM Technologies, Inc. (NASDAQ:TTMI) was the recipient of unusually large options trading on Monday. Traders bought 10,346 call options on the company. This is an increase of 411% compared to the typical volume of 2,025 call options.

Insider Buying and Selling

In other TTM Technologies news, Director John G. Mayer sold 9,167 shares of TTM Technologies stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $68.13, for a total transaction of $624,547.71. Following the completion of the transaction, the director owned 165,140 shares of the company’s stock, valued at $11,250,988.20. The trade was a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas T. Edman sold 16,800 shares of the stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $69.75, for a total transaction of $1,171,800.00. Following the completion of the sale, the director directly owned 804,923 shares in the company, valued at approximately $56,143,379.25. The trade was a 2.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 32,394 shares of company stock valued at $2,213,694 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On TTM Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of TTM Technologies by 0.5% during the third quarter. Vanguard Group Inc. now owns 13,156,053 shares of the technology company’s stock valued at $757,789,000 after purchasing an additional 60,002 shares during the period. Invesco Ltd. raised its holdings in TTM Technologies by 127.7% during the 3rd quarter. Invesco Ltd. now owns 4,813,903 shares of the technology company’s stock valued at $277,281,000 after buying an additional 2,699,494 shares during the last quarter. Polar Capital Holdings Plc purchased a new stake in TTM Technologies during the 3rd quarter valued at $176,376,000. Geode Capital Management LLC grew its holdings in TTM Technologies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 2,557,256 shares of the technology company’s stock worth $104,399,000 after acquiring an additional 7,814 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of TTM Technologies by 575.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,831,425 shares of the technology company’s stock valued at $105,490,000 after acquiring an additional 1,560,394 shares during the period. 95.79% of the stock is currently owned by institutional investors.

TTM Technologies Stock Performance

Shares of NASDAQ TTMI opened at $102.76 on Tuesday. TTM Technologies has a 1-year low of $15.77 and a 1-year high of $106.68. The company has a current ratio of 1.94, a quick ratio of 1.66 and a debt-to-equity ratio of 0.54. The stock’s 50-day moving average is $79.00 and its 200 day moving average is $62.30. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 81.56 and a beta of 1.74.

Analyst Ratings Changes

TTMI has been the topic of several recent analyst reports. Truist Financial set a $113.00 target price on shares of TTM Technologies in a research note on Wednesday, January 14th. Needham & Company LLC increased their price objective on TTM Technologies from $79.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Wall Street Zen cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 19th. Zacks Research upgraded TTM Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, B. Riley lifted their price target on TTM Technologies from $81.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $99.00.

About TTM Technologies

TTM Technologies, Inc is a leading global manufacturer of printed circuit boards (PCBs) and related electronic components. The company’s product portfolio spans rigid, flexible and rigid-flex circuit boards, as well as advanced substrates, backplanes, hybrid circuits and integrated antenna modules. In addition to PCB fabrication, TTM offers comprehensive system‐level services, including design support, surface mount technology (SMT) assembly, cable and wire harness assembly, and complete box-build solutions to address end-to-end customer requirements.

Serving a broad array of end markets, TTM Technologies supports customers in the communications, computing, automotive, aerospace and defense, industrial, and medical sectors.