TTM Technologies (NASDAQ:TTMI) Director Wajid Ali Buys 10,000 Shares of Company Stock

TTM Technologies, Inc. (NASDAQ:TTMI) Director Wajid Ali bought 10,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was acquired at an average price of $63.15 per share, for a total transaction of $631,500.00. Following the acquisition, the director directly owned 45,835 shares in the company, valued at $2,894,480.25. This trade represents a 27.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Wajid Ali also recently made the following trade(s):

• On Wednesday, October 28th, Wajid Ali purchased 10,000 shares of TTM Technologies stock. The stock was bought at an average cost of $90.25 per share, with a total value of $902,500.00.

TTM Technologies Stock Performance

TTMI stock opened at $62.22 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.49 and a current ratio of 1.67. The stock has a market cap of $6.55 billion, a P/E ratio of 24.79 and a beta of 2.25. The firm has a 50 day simple moving average of $110.13 and a 200 day simple moving average of $127.06. TTM Technologies, Inc. has a 52 week low of $55.44 and a 52 week high of $223.83.

TTM Technologies (NASDAQ:TTMI) last announced its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.21. TTM Technologies had a net margin of 7.01% and a return on equity of 19.19%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue was up 59.9% on a year-over-year basis. Research analysts anticipate that TTM Technologies, Inc. will post 4.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTMI. BlackRock Inc. acquired a new position in TTM Technologies in the 2nd quarter valued at approximately $2,053,347,000. Wellington Management Group LLP lifted its position in shares of TTM Technologies by 61.9% in the 2nd quarter. Wellington Management Group LLP now owns 2,268,404 shares of the technology company’s stock worth $424,237,000 after acquiring an additional 867,255 shares during the period. Atalan Capital Partners LP bought a new stake in shares of TTM Technologies in the 2nd quarter worth approximately $189,234,000. Allspring Global Investments Holdings LLC lifted its position in shares of TTM Technologies by 40.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 768,992 shares of the technology company’s stock worth $97,277,000 after acquiring an additional 221,426 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of TTM Technologies by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 715,543 shares of the technology company’s stock worth $69,708,000 after purchasing an additional 11,610 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Zacks Research downgraded TTM Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Stifel Nicolaus dropped their target price on TTM Technologies from $205.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Wall Street Zen downgraded TTM Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 1st. Weiss Ratings downgraded TTM Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 25th. Finally, Needham & Company LLC reduced their price target on TTM Technologies from $175.00 to $150.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.25.

TTM Technologies Company Profile

TTM Technologies, Inc is a manufacturer of technology solutions and printed circuit boards (PCBs), which are used to connect and support electronic components in a wide range of products. The company produces conventional rigid PCBs as well as high-density interconnect, flexible and rigid-flex circuit boards, and other advanced circuit technologies.

TTM also provides radio-frequency and microwave/microelectronic assembly capabilities, including components and assemblies used in communications, radar and other high-frequency applications.