Insider Selling: TTM Technologies, Inc. (NASDAQ:TTMI) VP Sells 2,904 Shares of Stock

TTM Technologies, Inc. (NASDAQ:TTMIGet Rating) VP Tony Sanchez sold 2,904 shares of the company’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $12.67, for a total transaction of $36,793.68. Following the transaction, the vice president now owns 18,446 shares of the company’s stock, valued at approximately $233,710.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TTMI stock traded down $0.44 during mid-day trading on Thursday, reaching $12.04. The company’s stock had a trading volume of 1,093,127 shares, compared to its average volume of 888,394. The stock has a market cap of $1.22 billion, a PE ratio of 17.20 and a beta of 1.57. The company has a current ratio of 2.44, a quick ratio of 2.21 and a debt-to-equity ratio of 0.64. TTM Technologies, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $15.89. The company’s 50 day moving average is $13.93 and its two-hundred day moving average is $13.91.

TTM Technologies (NASDAQ:TTMIGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $581.26 million during the quarter, compared to the consensus estimate of $560.37 million. TTM Technologies had a net margin of 3.25% and a return on equity of 7.72%. TTM Technologies’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, analysts forecast that TTM Technologies, Inc. will post 1.13 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC purchased a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $27,000. Kenfarb & CO. purchased a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $30,000. PEAK6 Investments LLC grew its stake in shares of TTM Technologies by 23.9% in the 4th quarter. PEAK6 Investments LLC now owns 10,422 shares of the technology company’s stock valued at $155,000 after buying an additional 2,009 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of TTM Technologies by 10.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 10,503 shares of the technology company’s stock valued at $156,000 after buying an additional 1,032 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of TTM Technologies in the 4th quarter valued at approximately $174,000. Institutional investors own 99.08% of the company’s stock.

Several research analysts recently weighed in on TTMI shares. StockNews.com upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. TheStreet upgraded shares of TTM Technologies from a “c” rating to a “b-” rating in a research report on Thursday, March 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.

TTM Technologies Company Profile (Get Rating)

TTM Technologies, Inc, together with its subsidiaries, engages in the manufacture and sale of printed circuit boards (PCBs) worldwide. The company operates in two segments, PCB and RF&S Components. It offers PCB products, radio frequency (RF) components, conventional PCBs, RF and microwave circuits, high density interconnect PCBs, substrate-like PCBs, flexible PCBs, rigid-flex PCBs, custom assemblies and system integration products, IC substrates, passive RF components, advanced ceramic RF components, multi-chip modules, and beamforming and switching networks.

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