Tony Sanchez Sells 6,940 Shares of TTM Technologies, Inc. (NASDAQ:TTMI) Stock

TTM Technologies, Inc. (NASDAQ:TTMI) VP Tony Sanchez sold 6,940 shares of TTM Technologies stock in a transaction on Monday, June 24th. The stock was sold at an average price of $19.00, for a total transaction of $131,860.00. Following the transaction, the vice president now owns 21,502 shares in the company, valued at approximately $408,538. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TTM Technologies Trading Up 1.3 %

TTMI traded up $0.25 during trading on Wednesday, reaching $20.02. 576,087 shares of the stock traded hands, compared to its average volume of 677,570. The company has a quick ratio of 1.77, a current ratio of 2.09 and a debt-to-equity ratio of 0.60. The stock’s 50-day moving average is $17.60 and its 200 day moving average is $15.89. TTM Technologies, Inc. has a 12 month low of $11.14 and a 12 month high of $20.11. The stock has a market capitalization of $2.04 billion, a PE ratio of -1,000.50 and a beta of 1.29.

TTM Technologies (NASDAQ:TTMI) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $570.11 million for the quarter, compared to analyst estimates of $553.01 million. TTM Technologies had a positive return on equity of 8.63% and a negative net margin of 0.11%. Equities analysts anticipate that TTM Technologies, Inc. will post 1.29 earnings per share for the current year.

Institutional Trading of TTM Technologies

Several hedge funds have recently modified their holdings of TTMI. ProShare Advisors LLC increased its position in shares of TTM Technologies by 5.9% during the first quarter. ProShare Advisors LLC now owns 20,565 shares of the technology company’s stock worth $322,000 after acquiring an additional 1,150 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 worth $956,000 after purchasing an additional 1,358 shares in the last quarter. Diversified Trust Co grew its position in TTM Technologies by 8.8% in the 4th quarter. Diversified Trust Co now owns 22,445 shares of the technology company’s stock worth $355,000 after purchasing an additional 1,814 shares in the last quarter. Headlands Technologies LLC purchased a new stake in TTM Technologies in the 1st quarter valued at about $37,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in TTM Technologies by 5.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,051 shares of the technology company’s stock worth $728,000 after acquiring an additional 2,476 shares during the period. Institutional investors own 95.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $15.00 to $19.00 in a research report on Thursday, May 2nd. Needham & Company LLC upped their target price on TTM Technologies from $19.00 to $21.00 and gave the company a “buy” rating in a report on Monday, June 17th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, TTM Technologies has an average rating of “Buy” and a consensus price target of $18.83.

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.