TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $395,100.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Daniel J. Weber sold 15,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.34, for a total transaction of $395,100.00. Following the sale, the executive vice president now owns 95,153 shares of the company’s stock, valued at $2,506,330.02. This represents a 13.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TTM Technologies Stock Down 2.5 %

Shares of TTM Technologies stock opened at $25.36 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.71 and a debt-to-equity ratio of 0.58. TTM Technologies, Inc. has a 12-month low of $13.43 and a 12-month high of $30.41. The company has a market cap of $2.59 billion, a P/E ratio of 46.96 and a beta of 1.19. The company’s fifty day simple moving average is $25.33 and its two-hundred day simple moving average is $22.28.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. TTM Technologies had a net margin of 2.30% and a return on equity of 9.74%. Research analysts anticipate that TTM Technologies, Inc. will post 1.76 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TTMI. USA Financial Formulas purchased a new stake in TTM Technologies in the fourth quarter worth $25,000. Smartleaf Asset Management LLC lifted its position in TTM Technologies by 670.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,402 shares of the technology company’s stock valued at $35,000 after buying an additional 1,220 shares during the period. Quarry LP bought a new stake in shares of TTM Technologies during the 3rd quarter valued at $34,000. Covestor Ltd grew its position in shares of TTM Technologies by 3,220.3% in the 3rd quarter. Covestor Ltd now owns 1,959 shares of the technology company’s stock worth $36,000 after buying an additional 1,900 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of TTM Technologies by 27.7% in the 4th quarter. GAMMA Investing LLC now owns 2,041 shares of the technology company’s stock worth $51,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TTMI. Stifel Nicolaus began coverage on shares of TTM Technologies in a research note on Tuesday, February 11th. They set a “buy” rating and a $33.00 price objective for the company. Needham & Company LLC upped their price target on TTM Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 6th.

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.