TTM Technologies, Inc. (NASDAQ:TTMI) EVP Sells $240,500.00 in Stock

TTM Technologies, Inc. (NASDAQ:TTMI) EVP Daniel J. Weber sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $18.50, for a total transaction of $240,500.00. Following the sale, the executive vice president now owns 107,488 shares of the company’s stock, valued at approximately $1,988,528. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TTM Technologies Trading Up 0.6 %

NASDAQ:TTMI opened at $18.86 on Friday. TTM Technologies, Inc. has a 1 year low of $11.14 and a 1 year high of $22.70. The stock’s fifty day moving average price is $19.61 and its two-hundred day moving average price is $17.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.04 and a quick ratio of 1.74. The company has a market cap of $1.92 billion, a P/E ratio of -942.53 and a beta of 1.25.

TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $605.10 million for the quarter, compared to analysts’ expectations of $582.70 million. TTM Technologies had a return on equity of 9.01% and a net margin of 0.74%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, analysts expect that TTM Technologies, Inc. will post 1.31 EPS for the current year.

Wall Street Analyst Weigh In

TTMI has been the topic of a number of research reports. Needham & Company LLC lifted their price target on shares of TTM Technologies from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. B. Riley boosted their target price on TTM Technologies from $25.50 to $27.25 and gave the company a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus increased their price target on TTM Technologies from $19.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Truist Financial restated a “buy” rating and issued a $24.00 price objective (up from $22.00) on shares of TTM Technologies in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $24.31.

Hedge Funds Weigh In On TTM Technologies

A number of large investors have recently modified their holdings of TTMI. Mirae Asset Global Investments Co. Ltd. lifted its stake in TTM Technologies by 5.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,051 shares of the technology company’s stock worth $728,000 after purchasing an additional 2,476 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in TTM Technologies by 16.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 192,416 shares of the technology company’s stock valued at $3,042,000 after buying an additional 27,333 shares during the period. Louisiana State Employees Retirement System purchased a new position in TTM Technologies during the fourth quarter worth about $809,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TTM Technologies by 44.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,892 shares of the technology company’s stock worth $330,000 after acquiring an additional 6,418 shares during the last quarter. Finally, Duality Advisers LP raised its holdings in shares of TTM Technologies by 26.8% in the 4th quarter. Duality Advisers LP now owns 42,816 shares of the technology company’s stock valued at $677,000 after acquiring an additional 9,047 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors.

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.