Monitoring TTM Technologies Inc. (TTMI) after recent insider movements


TTM Technologies Inc.’s recently made public that its EVP, General Counsel Weber Daniel J unloaded Company’s shares for reported $0.16 million on Aug 08. In the deal valued at $16.36 per share,10,000 shares were sold. As a result of this transaction, Weber Daniel J now holds 84,736 shares worth roughly $ 1.17 million.

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Then, Hardwick William Kent sold 5,000 shares, generating $81,470 in total proceeds. Upon selling the shares at $16.29, the SVP Global Sales and EMS now owns 82,889 shares.

Before that, SANCHEZ TONY sold 4,832 shares. TTM Technologies Inc. shares valued at $58,608 were divested by the VP, Corporate Controller at a price of $12.13 per share. As a result of the transaction, SANCHEZ TONY now holds 21,749 shares, worth roughly $0.3 million.

Truist downgraded its TTM Technologies Inc. [TTMI] rating to a Hold from a a Buy in a research note published on Monday, February 10, 2022; the price target was decreased to $14 from $16. PT values the company’s stock at a premium of 1.21 to its Monday closing price. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Needham also remained covering TTMI and has increased its forecast on July 02, 2020 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on March 11, 2020. It rated TTMI as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of TTMI

On Monday, TTM Technologies Inc. [NASDAQ:TTMI] saw its stock fall -0.72% to $13.83. On the same session, the stock had its day’s lowest price of $13.57, but rose to a high of $13.89. Over the last five days, the stock has lost -9.67%. TTM Technologies Inc. shares have fallen nearly -7.18% since the year began. Nevertheless, the stocks have fallen -3.22% over the past one year. While a 52-week high of $17.49 was reached on 08/25/22, a 52-week low of $9.76 was recorded on 02/10/22. SMA at 50 days reached $14.38, while 200 days put it at $13.93. A total of 0.56 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For TTMI Stock

The 24-hour chart illustrates a support level at 13.64, which if violated will result in even more drops to 13.44. On the upside, there is a resistance level at 13.96. A further resistance level may holdings at 14.08. The Relative Strength Index (RSI) on the 14-day chart is 46.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.46%. Stochastics %K at 26.75% indicates the stock is a holding.

How much short interest is there in TTM Technologies Inc.?

A steep rise in short interest was recorded in TTM Technologies Inc. stocks on Jul 14, 2022, dropping by 80000.0 shares to a total of 2.48 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.56 million shares. There was a decline of -3.23%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.44% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.48.

TTM Technologies Inc. [TTMI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 15,371,121 shares, or roughly 15.04% of the outstanding TTMI shares. In other words, the investor’s shares have fallen by -284,582 from its previous 13-F filing of 15655703.0. Additionally, The Vanguard Group, Inc. decreased -4.83% of its stake after which the total value it holdings stand at $140,392,503, while Dimensional Fund Advisors LP added 5.30% of its stake to hold $104.06 million in the firm. Over the last quarter, Thrivent Asset Management LLC purchased 533,142 shares of TTM Technologies Inc., while Macquarie Investment Management B bought 519,404 shares. At present, Fidelity Management & Research Co is holding 4,237,495 shares valued at $55.85 million. SSgA Funds Management, Inc. owned 4,049,399 shares of the company at the time of its most recent 13F filing, worth $53.37 million.

According to FactSet, TTM Technologies Inc.’s share price will average $17.95 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.22 percent from its previous closing price of $13.93. Analysts expect TTM Technologies Inc. stock to reach the higher price of $20.75, while the lowest price estimate is $16.00. However, 5 analysts have rated TTMI stock as a Buy in their predictions for 2022.


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