TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $306,178.58 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Douglas L. Soder sold 15,286 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $20.03, for a total transaction of $306,178.58. Following the transaction, the executive vice president now directly owns 214,207 shares in the company, valued at $4,290,566.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

TTM Technologies Stock Performance

Shares of TTM Technologies stock opened at $19.43 on Friday. TTM Technologies, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $20.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.09 and a quick ratio of 1.77. The firm has a market capitalization of $1.98 billion, a P/E ratio of -971.01 and a beta of 1.29. The company’s 50 day moving average price is $17.92 and its two-hundred day moving average price is $15.98.

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

Hedge Funds Weigh In On TTM Technologies

Hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in shares of TTM Technologies during the first quarter worth $37,000. EntryPoint Capital LLC raised its stake in TTM Technologies by 108.1% during the first quarter. EntryPoint Capital LLC now owns 6,264 shares of the technology company’s stock worth $98,000 after buying an additional 3,254 shares during the last quarter. AXQ Capital LP bought a new position in TTM Technologies during the third quarter worth $144,000. Versor Investments LP bought a new position in TTM Technologies during the fourth quarter worth $236,000. Finally, Larson Financial Group LLC bought a new position in TTM Technologies during the first quarter worth $266,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Analyst Ratings Changes

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

TTM Technologies Company Profile

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.