TTM Technologies, Inc. (NASDAQ:TTMI) Insider Sells $415,162.99 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) insider Anthony Joseph Sandeen sold 23,683 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $17.53, for a total transaction of $415,162.99. Following the transaction, the insider now owns 28,056 shares in the company, valued at approximately $491,821.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

TTM Technologies Stock Up 0.9 %

TTMI opened at $17.83 on Friday. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -891.50 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.77 and a current ratio of 2.09. The firm’s fifty day moving average is $15.02 and its 200 day moving average is $14.76. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $17.97.

TTM Technologies (NASDAQ:TTMI) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. The business had revenue of $569.04 million for the quarter, compared to analysts’ expectations of $572.03 million. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.36 earnings per share. On average, sell-side analysts forecast that TTM Technologies, Inc. will post 1.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus upgraded shares of TTM Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $15.00 to $19.00 in a research report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of TTM Technologies in a report on Thursday, May 2nd. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $18.17.

Institutional Trading of TTM Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Inspire Investing LLC raised its position in shares of TTM Technologies by 5.1% during the third quarter. Inspire Investing LLC now owns 23,697 shares of the technology company’s stock valued at $305,000 after buying an additional 1,150 shares during the last quarter. ProShare Advisors LLC grew its stake in TTM Technologies by 5.9% during the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock valued at $322,000 after acquiring an additional 1,150 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in TTM Technologies by 2.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,101 shares of the technology company’s stock valued at $956,000 after acquiring an additional 1,358 shares during the last quarter. Mutual of America Capital Management LLC lifted its stake in TTM Technologies by 1.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 165,083 shares of the technology company’s stock worth $2,126,000 after purchasing an additional 1,810 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of TTM Technologies by 8.8% during the 4th quarter. Diversified Trust Co now owns 22,445 shares of the technology company’s stock valued at $355,000 after purchasing an additional 1,814 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.

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.