TTM Technologies, Inc. (NASDAQ:TTMI) insider Philip Titterton sold 3,236 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $16.02, for a total value of $51,840.72. Following the completion of the transaction, the insider now directly owns 30,350 shares of the company’s stock, valued at $486,207. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of TTM Technologies, Inc. (NASDAQ TTMI) traded down $0.14 during trading hours on Wednesday, reaching $16.80. The company had a trading volume of 786,249 shares, compared to its average volume of 941,857. The firm has a market capitalization of $1,710.00, a P/E ratio of 11.35 and a beta of 1.65. TTM Technologies, Inc. has a 1-year low of $12.76 and a 1-year high of $19.54. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.96.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $739.30 million for the quarter, compared to the consensus estimate of $724.65 million. TTM Technologies had a return on equity of 13.26% and a net margin of 4.67%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.58 earnings per share. sell-side analysts predict that TTM Technologies, Inc. will post 1.04 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. grew its position in TTM Technologies by 29.6% during the second quarter. Ameritas Investment Partners Inc. now owns 8,112 shares of the technology company’s stock worth $141,000 after buying an additional 1,852 shares in the last quarter. Envestnet Asset Management Inc. grew its position in TTM Technologies by 55.2% during the third quarter. Envestnet Asset Management Inc. now owns 9,434 shares of the technology company’s stock worth $145,000 after buying an additional 3,357 shares in the last quarter. New York State Teachers Retirement System grew its position in TTM Technologies by 2.7% during the third quarter. New York State Teachers Retirement System now owns 137,370 shares of the technology company’s stock worth $2,111,000 after buying an additional 3,600 shares in the last quarter. Two Sigma Advisers LP grew its position in TTM Technologies by 2.4% during the fourth quarter. Two Sigma Advisers LP now owns 190,627 shares of the technology company’s stock worth $2,987,000 after buying an additional 4,501 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in TTM Technologies by 18.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 30,300 shares of the technology company’s stock worth $466,000 after buying an additional 4,700 shares in the last quarter.
A number of brokerages have recently commented on TTMI. Stifel Nicolaus cut their price target on TTM Technologies from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Zacks Investment Research lowered TTM Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 14th. BidaskClub raised TTM Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 18th. Needham & Company LLC decreased their target price on TTM Technologies from $22.00 to $20.00 and set a “strong-buy” rating on the stock in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $20.00 target price (down previously from $22.00) on shares of TTM Technologies in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.50.
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TTM Technologies Company Profile
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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