TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) insider Anthony Joseph Sandeen sold 23,683 shares of the company's stock in a transaction on Monday, May 6th. The shares were sold at an average price of $17.53, for a total value of $415,162.99. Following the completion of the transaction, the insider now directly owns 28,056 shares in the company, valued at $491,821.68. The sale was disclosed in a filing with the SEC, which is available through this link.
TTM Technologies Stock Up 0.5 %
Shares of NASDAQ TTMI opened at $17.59 on Wednesday. The stock has a market capitalization of $1.79 billion, a P/E ratio of -879.06 and a beta of 1.37. The stock's fifty day moving average is $14.90 and its 200 day moving average is $14.72. TTM Technologies, Inc. has a 52 week low of $11.14 and a 52 week high of $17.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.77 and a current ratio of 2.09.
TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its earnings results on Wednesday, February 7th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. TTM Technologies had a negative net margin of 0.11% and a positive return on equity of 8.63%. The firm had revenue of $569.04 million for the quarter, compared to analyst estimates of $572.03 million. During the same period last year, the firm earned $0.36 EPS. The business's quarterly revenue was down 7.8% compared to the same quarter last year. Sell-side analysts forecast that TTM Technologies, Inc. will post 1.28 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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Hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of TTM Technologies in the 1st quarter valued at $37,000. AXQ Capital LP acquired a new stake in TTM Technologies in the third quarter valued at about $144,000. Robeco Institutional Asset Management B.V. grew its position in TTM Technologies by 207.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 16,201 shares of the technology company's stock valued at $209,000 after acquiring an additional 10,932 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in TTM Technologies during the third quarter worth about $233,000. Finally, Versor Investments LP bought a new position in shares of TTM Technologies in the fourth quarter worth about $236,000. 95.79% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
TTMI has been the subject of a number of recent research reports. Stifel Nicolaus raised shares of TTM Technologies from a "hold" rating to a "buy" rating and boosted their target price 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 issued a $19.00 price objective on shares of TTM Technologies in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $18.17.
Get Our Latest Stock Analysis on TTMI
TTM Technologies Company Profile
(
Get Free Report)
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.
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