TTM Technologies, Inc. (NASDAQ:TTMI - Get Free Report) Director Philip Franklin purchased 5,000 shares of the business's stock in a transaction on Thursday, November 5th. The stock was purchased at an average cost of $61.92 per share, with a total value of $309,600.00. Following the acquisition, the director owned 161,725 shares in the company, valued at approximately $10,014,012. This represents a 3.19% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
TTM Technologies Price Performance
Shares of TTMI stock opened at $75.33 on Tuesday. The stock has a 50 day moving average of $108.10 and a two-hundred day moving average of $126.78. The company has a current ratio of 1.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.71. TTM Technologies, Inc. has a 12 month low of $55.44 and a 12 month high of $223.83. The company has a market capitalization of $7.94 billion, a P/E ratio of 30.01 and a beta of 2.25.
TTM Technologies (NASDAQ:TTMI - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The technology company reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.21. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.13 billion. TTM Technologies had a return on equity of 19.19% and a net margin of 7.01%. TTM Technologies's quarterly revenue was up 59.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. As a group, equities analysts expect that TTM Technologies, Inc. will post 4.36 EPS for the current year.
Hedge Funds Weigh In On TTM Technologies
A number of hedge funds have recently modified their holdings of TTMI. GAMMA Investing LLC boosted its holdings in shares of TTM Technologies by 1.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,340 shares of the technology company's stock valued at $812,000 after buying an additional 75 shares during the last quarter. Parallel Advisors LLC increased its holdings in TTM Technologies by 36.2% during the first quarter. Parallel Advisors LLC now owns 327 shares of the technology company's stock worth $32,000 after buying an additional 87 shares during the last quarter. North Dakota State Investment Board increased its holdings in TTM Technologies by 4.0% during the third quarter. North Dakota State Investment Board now owns 3,121 shares of the technology company's stock worth $383,000 after buying an additional 119 shares during the last quarter. GoalVest Advisory LLC increased its holdings in TTM Technologies by 456.7% during the second quarter. GoalVest Advisory LLC now owns 167 shares of the technology company's stock worth $31,000 after buying an additional 137 shares during the last quarter. Finally, Elm3 Financial Group LLC raised its position in TTM Technologies by 7.1% during the third quarter. Elm3 Financial Group LLC now owns 2,142 shares of the technology company's stock worth $263,000 after acquiring an additional 142 shares in the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TTMI has been the topic of several analyst reports. Stifel Nicolaus lowered their price target on shares of TTM Technologies from $205.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, October 23rd. Zacks Research cut shares of TTM Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Truist Financial reduced their price objective on shares of TTM Technologies from $231.00 to $170.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Needham & Company LLC decreased their target price on shares of TTM Technologies from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, October 23rd. Finally, Weiss Ratings cut shares of TTM Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.25.
View Our Latest Analysis on TTMI
TTM Technologies Company Profile
(
Get Free Report)
TTM Technologies, Inc designs and manufactures printed circuit boards (PCBs) and radio-frequency (RF) and microwave components and assemblies. Its products support the development and operation of electronic systems used in communications, data infrastructure, aerospace and defense, automotive, medical, and industrial applications.
The company provides engineering and manufacturing services, including PCB design support, prototyping, and production. TTM serves customers around the world through operations in North America and Asia.
Founded in 1998, TTM Technologies is headquartered in Santa Ana, California.
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