TTM Technologies, Inc. (NASDAQ:TTMI) insider Anthony J. Princiotta sold 23,222 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.09, for a total transaction of $234,309.98. Following the completion of the transaction, the insider now owns 51,408 shares in the company, valued at approximately $518,706.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of TTM Technologies stock opened at $11.47 on Friday. The company’s 50-day moving average price is $10.41 and its two-hundred day moving average price is $10.98. The company has a current ratio of 1.91, a quick ratio of 1.71 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1.21 billion, a PE ratio of 17.97 and a beta of 2.53. TTM Technologies, Inc. has a 52 week low of $8.49 and a 52 week high of $17.94.
TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.03. The firm had revenue of $633.04 million for the quarter, compared to the consensus estimate of $622.68 million. TTM Technologies had a return on equity of 6.56% and a net margin of 2.93%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. On average, equities analysts predict that TTM Technologies, Inc. will post 0.45 EPS for the current fiscal year.
A number of analysts recently issued reports on TTMI shares. B. Riley started coverage on shares of TTM Technologies in a research note on Thursday. They issued a “buy” rating and a $17.75 price target for the company. JPMorgan Chase & Co. lowered shares of TTM Technologies from an “overweight” rating to a “neutral” rating and set a $14.00 price target for the company. in a research note on Monday, August 5th. Zacks Investment Research upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Wednesday, August 21st. TheStreet downgraded shares of TTM Technologies from a “b-” rating to a “c+” rating in a report on Friday, May 24th. Finally, ValuEngine raised shares of TTM Technologies from a “hold” rating to a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. TTM Technologies presently has an average rating of “Buy” and an average price target of $14.19.
A number of large investors have recently added to or reduced their stakes in TTMI. BlackRock Inc. grew its stake in shares of TTM Technologies by 0.7% in the 2nd quarter. BlackRock Inc. now owns 13,869,848 shares of the technology company’s stock valued at $141,473,000 after buying an additional 98,489 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TTM Technologies by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,767,958 shares of the technology company’s stock valued at $85,312,000 after purchasing an additional 133,379 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of TTM Technologies by 53.3% in the second quarter. Nuveen Asset Management LLC now owns 3,393,846 shares of the technology company’s stock valued at $34,618,000 after purchasing an additional 1,180,469 shares in the last quarter. Bank of New York Mellon Corp raised its stake in TTM Technologies by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 1,391,228 shares of the technology company’s stock worth $14,190,000 after acquiring an additional 52,909 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in TTM Technologies by 17.9% during the first quarter. Kennedy Capital Management Inc. now owns 1,321,146 shares of the technology company’s stock worth $15,497,000 after acquiring an additional 200,816 shares in the last quarter.
About TTM Technologies
TTM Technologies, Inc, together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. It operates through two segments, PCB and E-M Solutions. The company offers a range of PCBs and electro-mechanical solutions, including conventional PCBs, high density interconnect PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, and IC substrates.
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