TTM Technologies, Inc. (NASDAQ:TTMI) Director Kenton K. Alder sold 3,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $15.67, for a total value of $47,010.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of TTM Technologies, Inc. (NASDAQ TTMI) opened at 15.55 on Friday. The stock’s 50 day moving average price is $15.24 and its 200 day moving average price is $16.10. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 21.75 and a beta of 1.56. TTM Technologies, Inc. has a 12 month low of $11.76 and a 12 month high of $19.54.
TTM Technologies (NASDAQ:TTMI) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $627.20 million during the quarter, compared to analysts’ expectations of $625.43 million. TTM Technologies had a net margin of 2.97% and a return on equity of 17.05%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. Equities research analysts predict that TTM Technologies, Inc. will post $1.52 earnings per share for the current fiscal year.
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A number of institutional investors and hedge funds have recently modified their holdings of TTMI. Kennedy Capital Management Inc. acquired a new stake in TTM Technologies during the first quarter valued at approximately $4,540,000. Fox Run Management L.L.C. acquired a new stake in TTM Technologies during the second quarter valued at approximately $306,000. Cipher Capital LP raised its stake in TTM Technologies by 82.5% during the second quarter. Cipher Capital LP now owns 153,790 shares of the technology company’s stock valued at $2,670,000 after buying an additional 69,510 shares in the last quarter. Brighton Jones LLC acquired a new stake in TTM Technologies during the second quarter valued at approximately $236,000. Finally, Principal Financial Group Inc. raised its stake in TTM Technologies by 3.0% during the first quarter. Principal Financial Group Inc. now owns 690,203 shares of the technology company’s stock valued at $11,133,000 after buying an additional 20,061 shares in the last quarter. 99.68% of the stock is owned by hedge funds and other institutional investors.
TTMI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded TTM Technologies from a “strong sell” rating to a “hold” rating in a report on Thursday, October 5th. BidaskClub upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. ValuEngine cut TTM Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Stifel Nicolaus upgraded TTM Technologies from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a report on Thursday, August 24th. They noted that the move was a valuation call. Finally, Needham & Company LLC upgraded TTM Technologies from a “buy” rating to a “strong-buy” rating and set a $22.00 target price for the company in a report on Monday, August 7th. Two analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TTM Technologies has an average rating of “Buy” and a consensus target price of $20.50.
About TTM Technologies
TTM Technologies, Inc is a manufacturer of printed circuit board (PCB) products and is focused on technologically advanced PCBs and electro-mechanical solutions (E-M Solutions). As of January 2, 2017, the Company operated a total of 25 specialized facilities in North America and China. The Company’s segments include PCB, E-M Solutions and Corporate.
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